Argo Group International Holdings Ltd. reported a drop in net income and a spike in its Q2 2019 combined ratio, due to higher catastrophe losses. At the same time, rate increases helped boost both gross written and net earned premiums. …
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million euros ($1.11 billion), up …
State Farm said it is reducing its Kansas homeowners insurance rates by an average of 2.2 percent. The total statewide expected savings impact for State Farm customers by this rate decrease is approximately $5.1 million. The rate decrease is effective …
Alliant Insurance Services, headquartered in Newport Beach, California, has acquired Fred Daniel & Sons, based in Tulsa, Oklahoma. Fred Daniel & Sons brings nearly 100 years of experience and a legacy of excellence in commercial and personal insurance under the …
Global insurance brokerage, Hub International Limited (Hub), has acquired the assets of Truss LLC (Truss), headquartered in Kansas City, Missouri. Terms of the transaction were not disclosed. Truss has more than 40 years of commercial insurance expertise in the construction, …
Wisconsin Democratic Gov. Tony Evers is crediting a reinsurance program adopted by his Republican predecessor Scott Walker for leading to lower health insurance rates in 2020. Evers on Friday announced that rates will decrease on average 3.2%, thanks to the …
Officials in Maine’s largest city are proposing licensing regulations for recreational and medical marijuana businesses. The Portland Press Herald reports the proposed rules include a cap of 20 recreational marijuana retail locations citywide, a $10,000 annual license fee and a …
Baltimore County will pay more than $1 million to settle claims by the family of a 21-year-old who died days after an encounter with police officers and medical workers. The Baltimore Sun reported Monday on the settlement. The family of …
Willis Towers Watson has added Thomas Braun as senior vice president to the Willis Re Life, Accident & Health Segment’s medical team in Portland, Maine. Braun joins Willis Re from a specialty benefits, stop loss and managed care underwriting management …
AM Best has upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICR to “a-” from “bbb+” of State Farm Florida Insurance Co. (State Farm Florida) based in Winter Haven, Fla. The outlook of these ratings has …
