INSURANCE NEWS
GEICO Chooses North Texas as Operation Hub for Commercial Insurance Business
GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to …
UK Insurer Aviva Said to Boost Direct Line Takeover Bid to £3.4 Billion
Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after its initial proposal to buy the UK motor insurer was rejected, people with knowledge of the matter said. London-listed Aviva …
People Moves: Benekiva Makes Key Leadership Appointments
Benekiva, headquartered in West De Moines, Iowa, expanded its leadership team with several new appointments. Krista Eger, vice president of product, previously served as Benekiva’s director of product. Before joining Benekiva, she served as safe agile product owner II – …
Texas DWC Seeks Public Comment on Telemedicine Rule Proposal
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is seeking public comments for a proposed rule to allow treating doctors to perform maximum medical improvement examinations by telemedicine or telehealth. DWC said the amendments are necessary to allow …
AM Best Revises Outlook to Positive for CNA
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the property/casualty (P/C) subsidiaries of CNA Financial Corporation, …
Texas Power Grid Operator Says State is Better Prepared for Extreme Cold
Texas’ grid operator warned that the state should prepare for extreme cold this winter but said the state’s main power grid is better equipped than in previous years to withstand a powerful winter storm. At a board meeting on Tuesday, …
Illinois Roofing Contractor Cited Eighth Time for Safety Violations
For the eighth time since 2020, federal workplace safety inspectors have cited a Lake Zurich, Illinois roofing contractor for exposing workers to falls from elevation, the leading cause of fatal and serious injuries among people employed in the construction industry. …
Ivans Index Shows Most Commercial Lines Renewal Rates Up in November
Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index. …
Alabama Singer/Public Adjuster Ordered to Wear Ankle Monitor, Stay Home
Austin Tanner, a claims adjuster and aspiring country singer from Alabama, has been confined mostly to his home and must wear an ankle monitor after he violated the terms of his bail bond and traveled to the Country Music Awards …
As Providence Mutual Exits Auto Insurance Business, Plymouth Rock to Get Renewals
Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines n the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …
Florida Citizens Policy Count Dips Below 1 Million for First Time in Two Years
Florida’s Citizens Property Insurance Corp. has dropped below 1 million policies in force for the first time since July 2022, a milestone that officials said reflects an ongoing depopulation program and an improving market in the state. Since January of …
Amundi Interested in Buying Allianz Global Investors
Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said. Europe’s biggest asset manager has been holding on-and-off talks …