USI Wins Competition to Acquire Wells Fargo Insurance Businesses June 27, 2017 By Andrew G. Simpson Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to...
Hiscox USA Names Nevin Chief Operating Officer June 27, 2017 Specialty insurer Hiscox has a new chief operating officer for its Hiscox USA business unit. Josh Nevin brings more than...
Safety Groups Urge Government to Set Rules of Road for Driverless Vehicles June 27, 2017 By Ryan Beene Basic rules of the road are needed before lawmakers allow companies from Apple Inc. to Ford Motor Co. to dramatically...
Chubb Names Sherman to Lead North America Management Liability Business Unit June 27, 2017 Chubb has appointed Leigh Anne Sherman to lead its Private/Not-For-Profit Management Liability business within the North America Financial Lines division....
P/C Insurers’ Net Income Fell 42.2% in Q1; Catastrophe Losses Topped $7 Billion June 27, 2017 The U.S. property/casualty insurance industry saw its net income fall to $7.7 billion in first-quarter 2017 from $13.4 billion in...
Two Twisters in New Jersey Leave Mess, No Injuries Reported June 27, 2017 Two tornadoes touched down in a New Jersey community as severe thunderstorms roared through the state, weather forecasters said. The...
More New York Malt Barley Farmers Eligible for Crop Insurance June 27, 2017 Malt barley farmers in 44 upstate New York counties are now eligible for crop insurance from the federal government. Malt...
XL Catlin Expands Inland Marine Business, Hires Klein in Maryland June 27, 2017 XL Catlin is continuing to expand its inland marine field operations with the recent addition of Maria Klein as a...
OceanPoint Acquires Christopher & Regan Insurance in Rhode Island June 27, 2017 OceanPoint Insurance Agency has acquired Christopher & Regan Insurance of North Kingstown, R.I. The acquisition comes as OceanPoint Insurance has...
ABI Warned About Risks of Modern Building Materials Before Grenfell Tower Fire June 27, 2017 By L.S. Howard “External cladding, made from combustible material can often cause significant fire spread upwards and between buildings, which is a particular...