Declarations
Louisiana Cyberattack “Now that we’ve had this incident, does that put a target on our back, kind of, for more bad guys to hit our system?” — Louisiana state Sen. Sharon Hewitt, a Republican from Slidell, asked regarding the Nov. …
Fitch Sees Strong Revenue Growth for U.S. Public Insurance Brokers
Publicly traded U.S. insurance brokers are expected to produce strong revenue growth for 2020 given near peak level organic growth and favorable U.S. commercial lines insurance pricing trends. Further, margins remain consistent with investment-grade ratings and are expected to be …
Fitch Sees Stronger Commercial Lines But Weaker Auto, Workers’ Compensation Results Coming
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal auto and workers’ compensation will be two lines …
My New Markets
Relocation and Moving Insurance Programs Market Detail: RelocationInsurance.com (www.relocationinsurance.com) offers moving insurance, storagae insurance, mobile storage insurance, fine art moving insurance, military moving insurance, loading and unloading insurance, senior moving insurance, and small move insurance. Available limits: As needed Carrier: …
U.S.- China Phase One Trade Pact Promises Improved IP Protections, Insurance Markets Access
The United States and China have agreed on the terms of a “phase one” trade deal that reduces some U.S. tariffs on Chinese goods while boosting Chinese purchases of American farm, energy and manufactured goods and addressing some U.S. complaints …
FAIR Plan Asks Court to Stop California Insurance Commissioner’s Order
Note: This is been updated with a statement from Lara’s office. The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the California …
5 Argo Group Directors Will Retire; Early Annual Meeting Planned
Five Argo Group directors plan to retire as of the beleaguered company’s 2020 annual meeting, the company disclosed on Dec. 11. Argo, a Bermuda-based specialty insurer and reinsurer, said that the decision is part of a “proactive refreshment process” announced …
Insurance Agents & Brokers Opens New Office in Maryland
Insurance Agents & Brokers (IA&B) opened an office in Annapolis, Md., on December 1. The organization also operates an office outside of Harrisburg, Penn. The location allows access to the Maryland State House, as well as a central meeting place …
Concord Specialty Risk Hires Edgette in New York as VP of Tax Insurance Underwriting
Concord Specialty Risk has hired Matthew Edgette as vice president of Tax Insurance Underwriting, where he will take on a leading role in Concord’s Tax Insurance practice. Edgette will be based in New York, N.Y. For the last two years, …
Councell Promoted to Senior Fleet Underwriter at Michigan’s J.M. Wilson
J.M. Wilson has promoted Jennifer Councell to senior fleet underwriter in its Portage, Michigan, office. She is responsible for evaluating transportation fleet submissions (11-plus units); quoting new and renewal transportation fleet business, binding and servicing new and existing policies, and …