Claims Business: Tenco, Choice Solutions Services and Clara Analytics

Published on August 2, 2023
Tenco Acquires James C. Greene Tenco Services acquired James C. Greene Co., a “family-run” independent claims adjusting firm based in Raleigh, North Carolina. Tenco, headquartered in Nashville, Tennessee, said in a press release that it is also a family-run business. …
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Allstate Posts Bigger Loss as Catastrophe Claims Rise

August 2, 2023
Insurer Allstate Corp. posted a bigger-than-expected quarterly loss on Tuesday as claims related to higher catastrophic events offset gains from strong investment income. The insurer’s adjusted second-quarter loss widened to $4.42 per share from 75 cents a year earlier. Analysts …

No Duty to Defend Doesn't Mean No Duty to Indemnify, Federal Appeals Court Finds

August 2, 2023
A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a