10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023 January 18, 2024 By Chad Hemenway According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a...
Arthur J. Gallagher Acquires New England’s Rowley Agency January 18, 2024 Global insurance broker Arthur J. Gallagher & Co. announced it has acquired Concord, New Hampshire-based The Rowley Agency. The Rowley...
Georgia Saw Most Frozen-Pipe Claims in 2022-2023, State Farm Says January 18, 2024 Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as...
Connecticut Sees Growth in Captive Insurers for Fourth Straight Year January 18, 2024 Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023....
Philadelphia Home Healthcare Agency to Pay $1.6M in Back Pay, Damages January 18, 2024 The U.S. Department of Labor repoorts that it has obtained a consent judgment in federal court that requires a Philadelphia...
Hedge Fund Fermat Has Best Year Ever as Catastrophe Bonds Deliver Record Results January 18, 2024 By Gautam Naik Fermat Capital Management just had the best year in its more than two-decade history, after outsize bets on catastrophe bonds...
Fishing Fee Case May Lead Supreme Court to Limit US Agency Powers January 18, 2024 By Greg Stohr and Jennifer A. Dlouhy The US Supreme Court questioned a longstanding legal doctrine that gives federal agencies wide berth to interpret unclear laws as...
Tangram Enters Reinsurance Brokerage Market with SC-based Preferred Re January 18, 2024 Tangram Insurance Services, an independent managing general agency based in California, has acquired Preferred Reinsurance Intermediaries in Columbia, South Carolina,...
Lobstermen’s Suit Against Conservation Group Over ‘Do-Not-Eat’ List Dropped January 18, 2024 By Patrick Whittle A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England...
People Moves: Nunnally Joins Alliant in Boston; Hilb Names Harm to Carrier Relations; Arthur Hall Promotes Marshall January 18, 2024 Chris Nunnally joined Alliant Insurance Services as senior vice president within its employee benefits group. Nunnally is based in Boston,...