Business Insurance
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
Sutter Health, a Sacramento, California-based health care services provider, and several affiliated entities have agreed to pay $90 million to resolve charges it violated the False Claims Act.
Posted: Aug 31, 2021
Marsh LLC said Tuesday it has recruited former Willis Towers Watson PLC executive Duncan Ashurst as risk management leader in its Chicago office.
Posted: Aug 31, 2021
Ascot Group Ltd. said Tuesday it was consolidating its reinsurance activities under Ascot Reinsurance.
Posted: Aug 31, 2021
Production on the new “Mission: Impossible” movie was shut down seven times due to COVID-19, prompting a lawsuit filed on Monday that accuses the film’s insurance company of failing to pay out for all but one of the costly stoppages, Reuters reported...
Posted: Aug 31, 2021
In what is apparently the third federal appeals court ruling on the issue, the 11th U.S. Circuit Court of Appeals in Atlanta has ruled against a dental practice in a COVID-19 business interruption lawsuit.
Posted: Aug 31, 2021
Modern Reign Insurance Brokers, a regional commercial lines brokerage based in Mission Viejo, Calif., announced its opening on Monday.
Posted: Aug 31, 2021
New York Gov. Kathy Hochul on Tuesday nominated Adrienne Harris to be the next superintendent of the New York State Department of Financial Services.
Posted: Aug 31, 2021
The U.S. Securities and Exchange Commission said Monday it has levied fines totaling $750,000 against three broker-dealers/investment advisory groups for cybersecurity policy failures that resulted in email account takeovers exposing the personal inf...
Posted: Aug 31, 2021
A federal appeals court said the trustee liquidating Bernard Madoff's firm can pursue a $343.1 million clawback lawsuit against Citigroup Inc, a decision that could help the late swindler's customers recover close to the estimated $17.5 billion they...
Posted: Aug 31, 2021
FM Global on Tuesday named Lyndon D. Broad senior vice president, chief underwriting officer and David M. Johnson senior vice president, chief client experience officer as the major property/casualty insurer continues to realign its leadership.
Posted: Aug 31, 2021
Shares of Robinhood Markets Inc., a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc. may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that...
Posted: Aug 31, 2021