National News

Starr Buys Stake in Small Business Insurtech CoverWallet

Starr Companies is now a minority shareholder in online small business insurance agency CoverWallet. CoverWallet confirmed the deal that was first reported by the Wall Street Journal. No financial terms were disclosed. Starr previously invested in CoverWallet’s Series A round, …

Farmers Names Fernandez to Head Business Insurance; Kappler to Lead Bristol West

Farmers Insurance has named new presidents for two of its key business units. Sharon Fernandez, most recently president of Bristol West Insurance, has been appointed president of Business Insurance at Farmers. In addition, Eric Kappler, previously head of product management at Bristol West, …

Ron Lockton Succeeds Spencer as CEO, President at Lockton Inc.

Ron Lockton, who has served as global insurance broker Lockton Inc.’s vice chairman for the past two years as part of the succession plan, is expanding his role to become president and chief executive officer of the firm.  He succeeds Glenn Spencer, …

London MGA Nexus Acquires U.S.-Based Treaty MGA from ZON Re

Specialty insurance managing general agent Nexus Group said it has acquired the assets of Personal Accident Treaty Reinsurance MGA operated by ZON Re, a U.S. based treaty reinsurance managing underwriter and Lloyd’s coverholder. The New Jersey-based ZON Re PA Treaty …

Tillerson’s State Department Reorganization Sidelines Cybersecurity Unit: Report

Secretary of State Rex Tillerson is shutting down an office that coordinates cyber issues with other countries, according to two people familiar with the plan, in a move that critics said will diminish the U.S. voice in confronting hackers. The …

Blind Americans Want to Participate in Future of Driverless Vehicles

Anil Lewis was behind the wheel of his Ford Mustang convertible on a sunny Atlanta day in 1988, when he nearly hit a pedestrian who appeared in a crosswalk ahead of him, seemingly out of nowhere. It was then Lewis realized …

Norman-Spencer Agency Adds Professional Liability Division

Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has added a new Professional Liability Division. The division was established to provide Norman-Spencer’s appointed agents with a resource for all professional liability risks. The Professional Liability Division will offer …

Senate GOP Fails with Obamacare Repeal Effort

Republican efforts to overhaul or repeal Obamacare collapsed in the U.S. Senate on Tuesday, dealing a sharp setback to President Donald Trump and the Republican Party’s seven-year quest to kill former President Barack Obama’s signature healthcare law. The disarray in …

Travelers Launches Usage-Based Insurance App for Personal Auto Customers

The Travelers Companies, Inc. has launched IntelliDrive smartphone app, which gives customers insights into their driving habits and auto insurance priced according to how they drive. Customers who use the app and drive safely can save up to 20 percent …

Novarica: Commercial Insurers Prioritizing Tech Advancements

A new report by the research and advisory firm, Novarica, shows that commercial insurance carriers are modernizing policy administration systems and agent portals to support complexities of business. Novarica also says use of drones, internet of things (IoT), and mobile …

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