Trading to Begin on Ryan Specialty IPO at $23.50 per Share for $1.3 Billion July 22, 2021 Chicago-based wholesale insurance broker Ryan Specialty Group Holdings, Inc. announced the pricing of its initial public offering of 57 million...
Heavy Rains Cause Sewer Overflows, Flood Problems in Alabama July 22, 2021 Heavy rains caused more than 430,000 of sewage overflows near Mobile, while another round of downpours prompted flash flood alerts...
Major Generali Shareholders Plan to Ask CEO Not to Present New Business Plan: Report July 22, 2021 MILAN – Shareholders representing about 16% of Generali are ready to ask the chief executive not to present a 2022-2024...
Hiscox CEO Masojada to Retire at Year End, Succeeded by CFO Hussain July 22, 2021 Specialist global insurer Hiscox announced that after 21 years as group chief executive, Bronek Masojada plans retire at the end...
People Moves: California Insurance Commissioner Appoints Members to CIGA, COIN Boards July 22, 2021 California Insurance Commissioner Ricardo Lara made several new appointments, including naming one member to the California Automobile Assigned Risk Plan...
California Commissioner Lowers Workers’ Comp Benchmark July 21, 2021 California Insurance Commissioner Ricardo Lara lowered the workers’ compensation insurance benchmark rate by 5 cents to $1.41 per $100 of...
California Workers’ Comp Report: Private Self-Insured Indemnity Claim Frequency, Paid & Incurred Losses Spiked in 2020 July 21, 2021 Workers’ comp claim frequency among California’s private self-insured employers rose in 2020, fueled by a big increase in the incidence...
Florida Vacation Rental Voluntarily Evacuated Due to Balcony Cracks July 21, 2021 A vacation rental building on Florida’s Gulf Coast was deemed structurally unsafe, leading to the voluntary evacuation of tourists who...
Agency Partnership News Wrap-Up: SAN Group, Valley Alliance, Keystone, United Valley July 21, 2021 SAN Group Adds 16 New Member Agencies Satellite Agency Network (SAN) Group Inc. added 16 independent member agencies to the...
First Half Insured Losses From Natural Disasters Reach 10-Year High July 21, 2021 Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the...