AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs December 7, 2022 Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises...
Carbon Monoxide Leak at Chicago Church Sends 12 to Hospitals December 6, 2022 CHICAGO (AP) – Twelve people were hospitalized after a carbon monoxide leak at a church on Chicago’s South Side, fire...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best December 6, 2022 Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines...
New Mexico Approves Decrease in Workers’ Comp Loss Costs December 6, 2022 The New Mexico Office of Superintendent of Insurance approved a rate proposal submitted by the National Council on Compensation Insurance...
Fire Damages Commercial Buildings in Indiana Town December 6, 2022 A fire in downtown Columbus destroyed a commercial building containing offices and a photo studio and left three firefighters with...
People Moves: Bailey Named Chair of Aon UK Ltd. Board; AXA XL Promotes Casby to Head of Upstream Energy, UK & Lloyd’s December 6, 2022 Bailey Named Chair of Aon UK Ltd. Board Aon plc, a leading global professional services firm, today announced that it...
Union Bay Acquires Pennsylvania’s LaBrozzi Insurance December 6, 2022 Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired LaBrozzi Insurance Group, Inc....
Xenia to Buy UK Trade Credit Insurance Broker Linda Scott Associates December 6, 2022 Xenia Broking Group Ltd. (XBGL) announced it has agreed to acquire the trade credit insurance business of Linda Scott Associates...
Russian State-Owned Bank VTB Hit by Massive Distributed-Denial-of-Service Attack December 6, 2022 Russia’s No. 2 bank VTB was hit by the largest cyber attack in its history, it said on Tuesday, warning...
Global P/C Insurance Outlook Now Negative: Moody’s December 6, 2022 High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change...