Insurance
People Moves: CRC Group Names Paris CRO, USG Adds Smith as Broker
The CRC Group, based in Charlotte, has named Brennan Paris chief revenue officer of CRC Specialty. Brennan will also remain president of CRC Select, CRC Specialty’s binding operations, the company announced. Paris will oversee revenue growth for CRC Specialty’s brokerage, …
Read More SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting
Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism. The Securities and Exchange Commission …
Read More Amica Mutual Signs With Penn State Athletics
Amica Mutual Insurance Co. has signed a multiyear partnership with Penn State Athletics and its fanbase of an estimated 15 million people nationwide, Amica will be the official auto, home and life insurance partner of Penn State Athletics. The deal …
Read More Without Clear Rules on Use, Maine Towns Experimenting With AI
After reading through a pile of resumes, Town Manager Anthony Wilson mentally ranked the people trying to become Winthrop’s general assistance administrator. Seeking a second opinion, he turned to ChatGPT. He fed the job description and resumes into the artificial …
Read More Maryland Insurers Must Disclose Use of Claims History for All P/C Lines
Maryland’s insurance commissioner is advising insurers that if they consider claims history in deciding whether to cancel or non-renew coverage, they must disclose this practice at the inception of a policy and at each renewal for all lines of property/casualty …
Read More Fire and Explosion at North Carolina Manufacturing Site Under Investigation
Authorities were investigating a fire and explosion at a Fiberon plant in North Carolina that injured four workers late last week. The Queen City News and other sites reported that the facility in New London, which makes composite material for …
Read More Trump Sues The New York Times for Defamation and Libel, Seeks $15 Billion
U.S. President Donald Trump sued the New York Times, four of its reporters, and publisher Penguin Random House for at least $15 billion on Monday, claiming defamation and libel, and citing reputational damage, a Florida court filing showed. Trump’s suit …
Read More Fidelis Partnership Launches MGA Arenite Specialty for Surety, Credit Risk Insurance
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Arenite Specialty to write surety and credit risk insurance. Initially focused on Australia, Asia Pacific and Latin America, the …
Read More Viewpoint: Can Global Reinsurers Stay on Track Through 2026?
During the upcoming renewals, S&P Global Ratings expects a moderate decline in pricing for short-tail lines but that global reinsurers will hold firm on terms and conditions. Risks arising from geopolitical tensions could affect both sides of global reinsurers’ balance …
Read More China Fires Water Cannons After Collision With Philippine Ship
Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where Chinese coast guard ships fired water cannons as tensions escalate over the rivals’ long-running maritime dispute. The China Coast Guard accused Manila of illegally intruding into …
Read More