Low-Level Jobs, Less School Could Mean Costly Auto Policies January 29, 2021 By Katherine Chiglinsky Drivers with less education and lower-ranking jobs could wind up paying more for auto insurance, magnifying the impact of systemic...
Canada Reports 20-Year High in Overseas Investment in Insurance M&A December 17, 2020 By Maiya Keidan and Carolyn Cohn Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month...
Zurich and Farmers Agree to Buy MetLife’s U.S. P/C Business for $3.94 Billion December 11, 2020 Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers...
Insurance Journal’s Annual Charity Issue: Deadline Tomorrow December 3, 2020 This is the last week to submit for Insurance Journal’s Charity Issue. This annual special issue of Insurance Journal’s print...
Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market November 23, 2020 Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its...
Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion November 22, 2020 By David French Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and...
U.S. P/C Insurer Impairments Rise Slightly in 2019: AM Best November 5, 2020 The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating...
Despite Challenges, New Year Will Bring Strong, Stable Industry: Hartwig November 4, 2020 By Robert Hartwig Despite a year of unprecedented challenges and uncertainty and a halting global economic recovery, the insurance industry remains strong, stable,...
DiBattista to Lead Nationwide E&S Brokerage November 3, 2020 Nationwide has named Jude DiBattista to head its E&S Brokerage wholesale primary and excess casualty unit. DiBattista will lead the...
How COVID-19 Impacts the Surplus Lines Insurance Industry April 22, 2020 By Zachary Lerner COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum...