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...
FloodFlash Eyes Parametric Splash in U.S. December 6, 2022 By Allen Laman Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make...
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...
Many Insurtechs Exit the Marketplace, and Other 2023 Predictions From Forrester December 6, 2022 By Chad Hemenway More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments...
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....
Eruption of Indonesia’s Highest Volcano Buries Homes, Destroys Bridge December 6, 2022 By Agoes Basoeki SUMBERWULUH, Indonesia (AP) – Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...
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...