Personal Lines News

Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey

The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of market conditions. “As expected, the …

Boats on Northern Indiana River Targeted by Theives

Thieves are taking batteries and other items from boats docked along a northern Indiana river near South Bend, according to local authorities. St. Joseph County police have received more than a dozen theft reports over the past couple of weeks …

Atlantic Specialty Lines Hires Personal Lines Producer, Rob Hardway

Austin, TX, October 23, 2014- Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is continuing its growth in Texas by announcing the addition of Rob …

Wells Fargo, Telemundo Partner on Financial Literacy Campaign for Hispanics

Wells Fargo of San Francisco has partnered with Miami-based media giant Telemundo for a six-week media campaign targeting financial literacy within the Hispanic community. Launched Oct. 13, “Conversemos de Tus Finanzas” is focused on empowering Hispanics to enhance their financial …

Large Agencies More Optimistic About Future Growth: Vertafore Study

Optimism over the future growth potential of independent agencies ties closely to the size of the independent agency, with larger agencies feeling more optimistic about future growth than their smaller counterparts, according to a new industry study. Some 70 percent …

Cunningham to Become CEO of IAT Reinsurance

IAT Reinsurance Company Ltd., the privately owned Bermuda insurer, announced that Peter R. Kellogg is retiring as chief executive officer, a position he has held since the company’s founding in the early 1980s. William Cunningham will assume the role of …

Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird

Houston, TX, October 16, 2014- Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is announcing a major addition to their Houston office. Looking to solidify …

Arc Legal Questions CMA Finding on Motor Policy Add-Ons

Arc Legal Assistance has questioned whether the publication of claims ratios at the point of sale would provide an accurate measure of the benefits and value of a motor legal expenses insurance policy. Arc Legal, a London-based provider of legal …

Direct Line Sells Overseas Businesses to Mapfre

Direct Line Insurance Group Plc sold its German and Italian businesses to Spain’s Mapfre SA for €550 million ($700 million) as the company pares back its international operations to cut costs and pay a dividend. The U.K.’s biggest home and auto insurer expects …

Fireman’s Fund Enhances Prestige Home Premier Product

Fireman’s Fund has unveiled new coverages and enhancements to its Prestige Home Premier product, now available in six states and filing nationwide through 2016. Homeowners in Arizona, Colorado, Connecticut, Illinois, Missouri, and Oregon are now eligible for the new product, …