Kemper Exits Preferred Home and Auto Business Immediately August 8, 2023 By Chad Hemenway As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023 August 8, 2023 The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent...
Arthur J. Gallagher Acquires Wigmore Insurance Agency in California August 8, 2023 Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain...
DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court August 8, 2023 Saying Gov. Ron DeSantis has followed the autocratic examples of governments in Russia and China, a group of mostly Republican...
3 Killed After Charter Bus Collides with Vehicle in Pennsylvania August 8, 2023 A charter bus carrying up to 50 people collided with a vehicle on an interstate in Pennsylvania, killing three people,...
Mass. Police Must Reinstate 7 Who Refused to be Vaccinated, Arbitrator Says August 8, 2023 Massachusetts State Police must reinstate seven troopers who refused to be vaccinated for COVID-19, an independent arbitrator has ruled. The...
MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet August 8, 2023 By Raphael Satter and Zeba Siddiqui A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to...
Pennsylvania PUC Approves $1M Settlement Over Gas Explosion That Leveled Home August 8, 2023 The Public Utility Commission has approved a revised settlement totaling nearly $1 million with a gas utility over a 2019...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount August 8, 2023 By Isla Binnie U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine August 8, 2023 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A...