Kansas Man Sentenced to Probation for Auto Insurance Fraud June 5, 2024 Kansas Insurance Commissioner Vicki Schmidt announced that a Kansas man has been sentenced to six months of probation for insurance...
AM Best Downgrades Credit Ratings of Farm Bureau Mutual Insurance Company of Arkansas June 5, 2024 AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating...
Hilb Group Acquires German American for $40M June 5, 2024 Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb...
Dozens More Former Youth Inmates Sue Over Alleged Sexual Abuse at Illinois Detention Centers June 5, 2024 Dozens more former youth inmates filed lawsuits seeking millions of dollars in damages for sexual abuse they allegedly endured at...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey June 5, 2024 Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics...
Hub Acquires Combined HCM in California June 5, 2024 Hub International Ltd. acquired the assets of Combined Benefits Inc., Combined Commercial Insurance Services LLC., and Combined Employer Services Inc....
Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients June 5, 2024 Sompo announced the launch of a new technology insurance product for middle market clients in the United Kingdom. The package...
Lobster Monster Truck Gone Airborne Topples Utility Poles, Injuring Spectators June 5, 2024 TOPSHAM, Maine (AP) — A lobster-themed monster truck performing for spectators in Maine clipped an aerial power line, toppling several...
MGA Alta Signa Launches in Switzerland June 5, 2024 Alta Signa Europe B.V., the European boutique managing general agent (MGA) and Lloyd’s coverholder, announced the opening of an office...
Independence Pet Buys Bigger Stake in Miami-based Spot Pet Insurance June 5, 2024 Independence Pet Holdings has acquired a majority interest in Spot Pet Insurance, an expansion of IPH’s 2022 investment in the...