Insurance
Travelers’ Income Drops, but Still Beats Profit Estimates on Record Premium Growth
Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The company’s core income fell to $625 million, or $2.57 per …
Read More Boston Police Unions Challenge Rules on Use of Force
Two police unions in Boston want to roll back limits on when they can use tear gas, pepper spray and other less-than-lethal crowd control methods, which the City Council implemented last year. The two unions are asking a judge to …
Read More Florida Regulators Slam Demotech for Reported Plans to Downgrade 17 Carriers
Florida’s top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that they will soon be downgraded. Demotech President Joe Petrelli said Thursday evening that …
Read More Indiana Abortion Doctor Signals She’ll Sue AG over Comments
An Indianapolis doctor who performed an abortion on a 10-year-old rape victim from Ohio took the first step Tuesday toward suing Indiana’s attorney general for defamation. Dr. Caitlin Bernard, an Indianapolis obstetrician-gynecologist who gave the girl a medication-induced abortion on …
Read More Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List
In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the figure reported in 2016. That’s one jaw-dropping but not surprising takeaway from the Florida Office of Insurance Regulation’s recently posted …
Read More Higginbotham Acquires Texas’ Brown & Company
Brown & Company Insurance Services, an employee benefits and individual life and health insurance agency in College Station, Texas, has combined with Higginbotham, an insurance, financial and HR services firm ranked as the 20th largest independent broker in the U.S. …
Read More People Moves: Beazley Chair to Step Down; Miller Forms Farms & Estates Team With 2 Hires From Aon; AXA XL Names HDI’s White as Senior PI Underwriter
This edition of International People Moves details board changes at Beazley and appointments at Miller and AXA XL. A summary of these new hires follows here. Beazley’s Chair Roberts to Step Down Beazley plc announced that its chair, David Roberts …
Read More Ex-East Texas Deputy Pleads Guilty to Using Excessive Force
A former East Texas deputy has pleaded guilty to a civil rights violation for punching a restrained detainee in the chest repeatedly with a shock gun, according to court documents. Former Van Zandt County sheriff’s deputy David Yager pleaded guilty …
Read More People Moves: Liberty Mutual Global Risk Solutions Names Geary President, Insurance Solutions; Norton Promoted to K&K President & CEO as Bixler Retires
Liberty Mutual Global Risk Solutions Names Geary President, Insurance Solutions Liberty Mutual Insurance Global Risk Solutions (GRS) has appointed Elizabeth Geary as president, Insurance Solutions. Geary will report to GRS President of Underwriting Matthew Moore, effective late August. Geary is …
Read More City in California Paying $360K to Settle Lawsuit by Council Member
The Oakland City Council agreed to approve a $360,000 settlement with a former council member who filed a lawsuit alleging the city and police violated his civil rights when officers threw him face-down inside City Hall in an incident he …
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