Insurance
What to Expect in Personal Lines: Regulatory Battles Ahead; Allstate May Drop Customers
Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and insurers. Tim Zawacki, principal insurance analyst, …
Read More People Moves: Standard Lines Services Names Lakey as Division Leader
Standard Lines Services named Joshua Lakey division leader. Standard Lines Services is a division of Graham-Rogers Insurance, based in Bartlesville, Okla. Lakey has 18 years of insurance experience and previously served as senior territory manager at Safeco Insurance.
Read More WCRI: Wisconsin’s Medical Payments per Claim Remain Stable but Highest Among 17 States
Medical payments for treatment of injured Wisconsin workers were the highest of 17 study states, according to a recently released report from the Workers Compensation Research Institute (WCRI). The study, CompScope™ Medical Benchmarks for Wisconsin, 24th Edition, found that medical …
Read More New England’s Foy Insurance Group Acquired by World Insurance
New England’s Foy Insurance Group has been acquired by national broker World Insurance Associates. The Foy agency, headquartered in Exeter, New Hampshire, has been doing business in New Hampshire for more than 100 years. Today it is one of New …
Read More New Orleans Marsh Fire Blamed For Fatal Highway Crashes is Out After Burning For Weeks
NEW ORLEANS (AP) – A stubborn, smoky marsh fire that contributed to fatal car crashes on fogbound highways and sometimes fouled New Orleans air with a pervasive stench has been completely extinguished after burning for over a month, the New …
Read More Higginbotham Acquires Ohio’s Botson’s Insurance Group
Higginbotham has acquired Botson Insurance Group of Avon, Ohio. This move extends the Texas firm’s presence across Ohio, as Higginbotham formed a similar collaboration with western Ohio’s Community Insurance Group, Ltd. earlier this year. Terms of the deal were not …
Read More People Moves: Ardonagh Group Announces Senior Management and Structural Shakeup; QBE Promotes Purkis in Continental Europe Distribution Team
This edition of International People Moves details appointments at the broker Ardonagh and QBE Europe. A summary of these new hires follows here. Ardonagh Group Announces Senior Management and Structural Shakeup The Ardonagh Group, the London-based independent insurance distribution platform, …
Read More Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox
The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high. The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy or have cyber coverage through another …
Read More Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re
Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural catastrophe claims surpassing $100 million, according to Swiss Re Institute in a new report. As the US is particularly prone …
Read More New Mexico Sues Meta, CEO Zuckerberg Over Child Protection Failures
New Mexico Attorney General Raul Torrez on Wednesday said the state sued Facebook and Instagram parent Meta Platforms META.O and CEO Mark Zuckerberg, saying the social media company had failed to protect children from sexual abuse, online solicitation, and human …
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