Insurance news from Atlas includes acquisition of Gateway

insurance industry report

The deal has been signed to close the agreement for the expansion into the American public auto market. Atlas Financial Holdings, Inc. has made insurance news with its announcement that it has now signed a definitive agreement to acquire Camelot Services, Inc., as well as its sole insurance subsidiary of Gateway. The acquisition was announced to have been for around $23 million. The final closure of the insurance news transaction is still subject to the typical conditions, such as the regulatory approval of Gateway Insurance Company’s change of control. It…

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Insurance news reveals insurer is demanding $11 million from Lance Armstrong

Lance Armstrong insurance news lawsuit

After having lost his Tour de France titles, the cyclist’s insurer is now demanding their money back. Though the loss of Lance Armstrong’s seven Tour de France titles when the International Cycling Union (UCI) took them away has been making sports headlines, the cyclist’s insurer is now making insurance news by demanding their money back. SCA Promotions had covered Armstrong’s performance bonuses following the fourth, fifth, and sixth wins. Now that those victories have been taken away, Jeffrey M. Tillotson, the lawyer for SCA Promotions, has stated that “We will…

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Renters insurance available through a new insurer for Missouri residents

Renters Insurance

Auto policy customers at Esurance will now be able to add tenants coverage in that state. Missouri auto coverage customers of Esurance are now being offered an add on renters insurance coverage that is designed to provide them with inexpensive protection in addition to further savings on their vehicle policies. Consumers in that state are being offered this add on from the insurer for the first time. According to the estimates that have been made by Esurance, the average cost of the add on renters insurance will be $16 per…

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Solar product insurance specialty policy now offered by ReneSola

Insurance industry News

The coverage is being provided through PowerGuard. ReneSola Ltd., a leading worldwide manufacturer of solar modules and wafers, based in San Francisco, California, has announced that it will now be working with PowerGuard in order to offer a range of solar product insurance options to its customers. PowerGuard Specialty Insurance Services will be providing the coverage to ReneSola’s clients. The coverage being offered will involve various long term policies for the products that have been sold by ReneSola. The insurer is a California based company that manages various specialty coverages…

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Wedding insurance now recommended to protect against fights

Wedding Insurance

Planners and industry experts feel that additional coverage can only help newlyweds. Following the increasing instances of fights breaking out at receptions, many planners and industry experts are now recommending that couples purchase wedding insurance to cover against the damage that could occur as a result of these unexpected circumstances. The importance of coverage has become all the more clear with the high profile fights in Philadelphia. The massive brawl that occurred in Philadelphia and that rapidly had its video go viral, providing a clear image of how rapidly, and…

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