Insurance
US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red
For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion primarily due to the lackluster performance of personal auto and home insurance lines. The total U.S. P/C underwriting loss in …
Read More Florida Arts Groups’ Insurance Could be Affected With DeSantis Veto of Funding
ORLANDO, Fla. (AP) — The Coral Gables Art Cinema will be short more than $100,000 this year. About $150,000 has suddenly disappeared from the Orlando Philharmonic Orchestra’s budget. The Miami New Drama also has an unexpected $150,000 budget hole. Across …
Read More Hub Acquires Skinner & Co. in Georgia
Hub International, a global insurance brokerage, has acquired Georgia-based Skinner & Co., a brokerage offering commercial coverage, performance bonds and risk management services. Terms of the deal were not disclosed. Todd Skinner and team, in Marietta, Georgia, will now join …
Read More Containment on Large California Fire Increased, but Temps Are Expected to Soar
Firefighters increased containment on the biggest wildfire currently burning in California, but triple-digit temperatures are expected to bake the state and increase wildfire risk. The Basin Fire in Fresno County has burned 13,551 acres and is 17% contained, but from …
Read More PG&E Cut Power to 2,000 as Extreme Heat Bakes California
PG&E Corp. cut power to about 2,000 homes and businesses in Northern California as triple-digit temperatures, strong winds and low humidity heightened the risk of wildfires. The utility said it preemptively shut power across small areas of eight counties and …
Read More Marshall Elected Chair of Virginia Workers’ Compensation Commission
Wesley G. Marshall has been elected to a three-year term as chairman of the Virginia Workers’ Compensation Commission (VWC), effective July 1, 2024. He succeeds Commissioner Robert A. Rapaport, whose term ended June 30, 2024. Marshall, of Richmond, was appointed …
Read More Robots, Drones and Driverless Tractors Usher In New Age of Farming
Tractors plow the farm fields without drivers, guided by satellites and iPhones. Solar-powered robots tend to plants on the ground like giant outdoor Roombas, while drones fly overhead spraying the crops. It may sound like science fiction — perhaps Uncle …
Read More People Moves: IMA Financial Names Arons Rosen as Dallas Market President
IMA Financial Group, an independent insurance brokerage and risk management consulting firm, announced that Jordyn Arons Rosen will be its new Dallas Market President, effective July 1, 2024. Arons Rosen will succeed insurance industry veteran Robert Broz, who played a …
Read More Patrick Watkins Receives Drex Foreman Award by IIAT
Watkins Insurance Group announced that Patrick Watkins has been awarded the distinguished Drex Foreman Award by the Independent Insurance Agents of Texas (IIAT). This prestigious accolade recognizes exemplary leadership and significant contributions to the insurance industry. As CEO and majority …
Read More Coverys Launches London Market Insurer, Approved to Write US E&S Business
Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms which include both insurance company and …
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