People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine August 15, 2024 This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires...
PCF Acquires Asset Insurance Agency in Massachusetts August 15, 2024 Utah-based PCF Insurance Services reports it has acquired the insurance business of Asset Insurance Agency, based in Peabody, Massachusetts. Asset...
People Moves: Zurich Promotes Nolan to Head of Surety in US; Zink Joins Everest to Lead Specialty Underwriters August 15, 2024 Zurich Promotes Nolan to Head of Surety in US Zurich North America, headquartered in Schaumburg, Illinois, has promoted Chris Nolan...
FirstEnergy Corp. to Pay $20M to Settle Ohio Bribery Scheme August 15, 2024 The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid...
US Auto Insurers’ Strong Performance to Continue Through 2025: Fitch August 15, 2024 More favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and...
UNC Launches Risk Management Institute with IAP’s Ursano Chair of Advisory Board August 15, 2024 The University of North Carolina at Chapel Hill announced it is launching an Institute for Risk Management and Insurance Innovation,...
Hundreds Able to Return Home After Fleeing Wildfire Along California-Nevada Line August 15, 2024 Hundreds of people were allowed to return home this week after being forced to flee a wildfire west of Reno...
AM Best Upgrades Medical Mutual Insurance Co. of Maine August 15, 2024 AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength...
Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire August 15, 2024 More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to...
Wall Street Firms to Pay $470 Million to Settle With US Regulators Over Texting August 15, 2024 Another group of broker-dealer and investment advisers has agreed to pay over $470 million to U.S. regulators to settle civil...