Business Insurance
The U.S. Securities and Exchange Commission has opened a probe into electric vehicle maker Workhorse Group Inc., an early investor in Lordstown Motors Corp., the Wall Street Journal reported Wednesday.
Posted: Sep 01, 2021
Mosaic Insurance Holdings Inc. on Wednesday named former Hamilton Group executives Tim Glover chief underwriting officer and David White underwriting director.
Posted: Sep 01, 2021
American International Group Inc. has hired former Allianz SE executive Ciara Brady as chief underwriting officer, international casualty, effective Sept. 1.
Posted: Sep 01, 2021
An appeals court in Missouri on Tuesday ruled that two members of the state’s three-member labor commission failed to present medical evidence in denying a disabled and obese worker permanent total disability.
Posted: Sep 01, 2021
Managing general underwriter and program manager McGowan Cos. said Wednesday it has agreed to acquire Middletown, Connecticut-based habitational insurer MiddleOak and wholesale broker Dauntless Specialty Brokerage from Country Financial.
Posted: Sep 01, 2021
Massachusetts’ attorney general on Wednesday gave backers of a proposed ballot measure that would define drivers for app-based companies like Uber Technologies Inc. and Lyft Inc. as independent contractors rather than employees the green light to col...
Posted: Sep 01, 2021
Russian insurer Rosgosstrakh PJSC's gross written premium increased by more than 20% year-on-year to 60.5 billion Russian rubles ($826.4 million) in the first half of the year.
Posted: Sep 01, 2021
Japanese company Murata Manufacturing Co. Ltd. closed its Echizen, Japan-based plant until Aug. 31 after a cluster outbreak of COVID-19, thereby threatening the supplies of multilayer ceramic capacitors – a key component used in cars, smart phones an...
Posted: Sep 01, 2021
French insurer Groupama SA has acquired Croatian insurer OTP Osiguranje dd, effective Sept. 1.
Posted: Sep 01, 2021
Spanish insurer Mapfre SA has made the third insurance payout of $100 million to Colombian utility Empresas Publicas de Medellin for damage it suffered at its Ituango hydroelectric project in Antioquia town in April 2018.
Posted: Sep 01, 2021
Australian casino operator The Star Entertainment Group Ltd. has appealed the Australian Federal Court’s recent decision to reject its attempt to seek business interruption insurance payout from its insurers for COVID-19 lockdown-related losses.
Posted: Sep 01, 2021
Dutch insurer Achmea Holding NV’s gross written premiums dropped 2% year-on-year to €17.40 billion ($20.5 billion) in the first half of the year.
Posted: Sep 01, 2021
Mosaic Insurance Holdings Inc. on Wednesday named former Hamilton Group executives Tim Glover chief underwriting officer and David White underwriting director.
Posted: Sep 01, 2021
It’s hard to believe it’s been 20 years since the catastrophic events of Sept. 11, 2001.
Posted: Sep 01, 2021
Mergers and acquisitions activity continues in the excess and surplus lines sector, while new capital continues to enter the market.
Posted: Sep 01, 2021
Among the limiting factors for employers considering mandating COVID-19 vaccinations are attracting and retaining talent and the prospect of employment litigation, experts say.
Posted: Sep 01, 2021
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co. said Wednesday.
Posted: Sep 01, 2021
Excess and surplus lines insurance buyers are still contending with rate hikes after several years of sharply rising prices, but the pace of increases has slowed, even while more business flows into the sector.
Posted: Sep 01, 2021
Top 10 U.S.-based surplus lines insurers, wholesalers and MGAs, state premium trends and more.
Posted: Sep 01, 2021
Excess and surplus lines are poised to have a strong 2021 after a challenging year in 2020, Fitch Ratings Inc. said in a report Tuesday.
Posted: Aug 31, 2021