Insurance

California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR Plan reported it has paid more than $914 million to …

Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings more than 100 agents to add to Alera Group’s property/casualty offerings in the Northeast. The independent agency was founded in …

The Michigan Department of Insurance and Financial Services (DIFS) is highlighting in-demand jobs available to Michiganders in the insurance field as part of Insurance Careers Month. More than 73,000 Michiganders work in the insurance industry, according to a study conducted …

Texas oil companies and regulators have waited years for federal permits that would allow those companies to suck carbon dioxide — the largest contributor to climate change — from the atmosphere and inject it underground. After sweeping environmental reviews and …

CoVerica, headquartered in Dallas, appointed Mark Holland as president and CEO. Holland has over three decades of experience in the insurance and benefits industry. He entered the industry in 1994, focusing on worksite marketing, benefits communication and electronic enrollment. He …

First MainStreet Insurance L.C. has announced addition of four new partner agencies. Borchardt Agency joined the platform on January 1st. Justin Borchardt, a third-generation insurance owner, has partnered with FMSI and TrueNorth to further fuel the impressive growth of his …

This edition of International People Moves details appointments at the broker Marsh and the managing general agency Rokstone. A summary of these new hires follows here. Marsh Names Former AXA XL Exec as UK Chair Marsh, the world’s leading insurance …

Pen Underwriting, the London-based managing general agent, announced a simplified divisional structure to bring together core commercial underwriting capabilities and expertise across the UK and Ireland. Under the central leadership of Sarah Breslin as managing director of the new Commercial …

Federal cost-cutting initiatives pushed by President Donald Trump have turned their focus to the Federal Emergency Management Agency, where spending on consultants like Deloitte now faces scrutiny. Workers at the agency have been asked to provide by Tuesday evening plain-language …

Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers (ABI). The record claims come following …