Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23 May 16, 2019 The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on...
Commercial Insurance Prices Were Up 3% Globally, 1.1% in U.S. in Q1: Marsh May 16, 2019 Average global commercial insurance prices increased 3% in the first quarter of2019, according to broker Marsh. This represents the sixth...
A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed May 16, 2019 Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the...
Musk Battles Defamation by Tweet Claim Brought by British Diver May 16, 2019 A British diver who is suing Tesla CEO Elon Musk for defamation can’t recover damages because the diver allegedly started...
A.I.M. Mutual Expands Workers’ Comp Coverage to Maine May 16, 2019 After 30 years as a workers’ compensation insurance carrier in New England, A.I.M. Mutual has announced its expansion of coverage...
Maryland Businessman Pleads Guilty to Stealing Up to $1.5M in Wine May 16, 2019 A Maryland man pleaded guilty Tuesday to embezzling up to $1.5 million in upscale wine from customers who paid him...
Generali’s Net Profit Rises 28% in First Quarter, Boosted by Asset Sales May 16, 2019 Generali, Italy’s biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital...
Burns & Wilcox Hires Garcia as Marketing Director in Texas May 16, 2019 Wholesale insurance broker and underwriting manager, Burns & Wilcox, has added Saul Garcia to its management team as director of...
Moore Joins Lockton as Sr. VP, Employee Benefits Consultant for Midwest May 16, 2019 Patrick Moore has joined Lockton as senior vice president and employee benefits consultant for Lockton Midwest with his primary office...
Outlooks Revised to Stable for Illinois’ Specialty Risk of America May 16, 2019 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and...