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Personal Auto Insurance Underwriting Performance Has Likely Peaked: Fitch

Performance in the U.S. personal auto insurance market continues to run favorably in 2019, on par with underwriting profits achieved in 2018, according to Fitch Ratings. However segment results for the industry are likely unsustainable going forward based on shifting …

Autonomous Cars Could Worsen Gridlock. Smart Intersections Could Help.

In the not-so-distant future, city streets could be flooded with autonomous vehicles. Self-driving cars can move faster and travel closer together, allowing more of them to fit on the road – potentially leading to congestion and gridlock on city streets. …

SAN Group Hires Blatchley as Agency Development Field Specialist

Satellite Agency Network Group Inc. (SAN) has hired Nick Blatchley as agency development field specialist for Western New York and Northwestern Pennsylvania. In this role, Blatchley will be directly responsible for agency development and consulting services of SAN member agencies, …

Dartmouth Student Lawsuit Settled Over Baseball Injury

A lawsuit filed by a Dartmouth College student against the school who was seriously injured during baseball practice has been settled, the college said Monday. Last year, Colton French said in federal court documents that he was pitching to a …

Large New Jersey Hospital System Says It Was Hit by Ransomware Attack

New Jersey’s largest hospital system said Friday that a ransomware attack last week disrupted its computer network and that it paid a ransom to stop it. Hackensack Meridian Health did not say in its statement how much it paid to …

Ed Bermuda Taps Simons from Marsh as Head of Business Development

Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Mark Simons as head of Business Development and Production, Bermuda. Simons, who joins in January 2020, will focus on developing and fostering client relationships. He previously worked at …

New UK Broker McGill & Partners Grows Rapidly in First 6 Months of Trading

New boutique risk solutions business McGill and Partners has grown rapidly in its first six months of trading following “a successful talent acquisition strategy and significant client wins,” the company said. Headcount has grown from five to 134, and the …

Steel Mill Sued over Chemical Spill in Indiana Lake

Two environmental groups are suing a steelmaker for allegedly violating the Clean Water Act at its northwestern Indiana facility more than 100 times in the past five years, including an August spill that killed more than 3,000 fish. The Environmental …

Alliant Insurance Services Acquires TCOR Management in Texas

Alliant Insurance Services has acquired TCOR Management, a Texas-based risk management firm. The acquisition will expand the Alliant Energy & Marine talent base by 50 specialists and broaden the surety footprint across Texas. Founded in 1972, TCOR has offices in …

HDI Global Insurance in Chicago Names Cao as VP, Actuary

Chicago-based HDI Global Insurance Co. (HDI Global USA) has appointed Jessica Cao as vice president, Actuary. Cao is based in Chicago and reports to Brad Diericx, senior vice president and chief financial officer. Cao will lead the company’s actuarial organization. …