US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 September 16, 2024 The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for...
People Moves: JM Wilson Promotes Underwriters September 13, 2024 JM Wilson, headquartered in Portage, Michigan, promoted several team members in its home office. Kristin Bolhuis was promoted to property...
Cooler Weather Helping Fight Large Southern California Wildfire September 13, 2024 Cooler weather is aiding the fight against a large Southern California wildfire, one of three large fires in the region....
Delaware Insurance Commissioner Navarro Wins Primary Election September 13, 2024 Delaware Insurance Commissioner Trinidad Navarro won this week’s Democratic primary for the post, gaining more than 70% of the vote...
Duffy Agency Acquires Neighboring Cowan Agency in Massachusetts September 13, 2024 Duffy Insurance Agency, based in Lynn, Massachusetts, has acquired The Cowan Insurance Agency of Haverhill, also in Essex County. The...
Carlyle’s Sedgwick Valued at $13.2 Billion in Investment Deal With Altas September 13, 2024 Carlyle-owned claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via...
Tokio Marine Kiln Launches Specialty Reinsurance Division September 13, 2024 Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the...
$1 Billion San Francisco Tower’s Revival Clouded by Lawsuit September 13, 2024 One of San Francisco’s most iconic buildings is celebrating its reopening after a four-year, $250 million makeover meant to symbolize...
Plumbing Supply Firm Loses Appeal Over Sales Reps’ Overtime Pay September 13, 2024 A federal appeals court has upheld a district court ruling that a wholesale distributor of plumbing supplies has wrongly exempted...
Oregon Workers’ Comp Pure Premium Rate to Drop 3.2% September 13, 2024 Oregon employers will pay on average less for workers’ compensation coverage in 2025. The Oregon Department of Consumer and Business...