Wells Fargo Insurance News

Wells Fargo Closing Down Its Personal Insurance Business

Wells Fargo & Co. announced it is exiting the personal insurance business and will immediately begin winding down its marketing. The company said the exit process should be completed during the first quarter of 2018. Until that time, it will …

Wells Fargo Insurance Accuses Failed Bidder Alliant of Poaching Executives

Alliant Insurance Services Inc. is using confidential information obtained during a failed bid for Wells Fargo & Co.’s commercial insurance business to poach top sales executives, according to a lawsuit filed by a Wells Fargo unit. The lawsuit, filed on …

Alliant, USI in Running to Acquire Wells Fargo Insurance

Alliant Insurance Services Inc. has emerged as the front-runner to buy Wells Fargo & Co.’s insurance business, people familiar with the matter said. The San Francisco-based bank could announce a sale of its Wells Fargo Insurance Services USA brokerage within …

New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks

The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing risk of cyber attacks, Governor Andrew Cuomo announced. The proposed …

More Businesses Fear Losing Data than Getting Hacked, Survey Shows

Losing data strikes more fear in businesses than getting hacked. A survey released today by San Francisco, Calif.-based Wells Fargo Insurance shows 47 percent of mid-sized companies were concerned with losing private data compared with 26 percent worrying about hackers …

Wells Fargo Insurance Hires Marsh’s Hahn in New Jersey

Wells Fargo Insurance, a subsidiary of San Francisco, Calif., headquartered Wells Fargo & Company, has hired Mary-Beth Hahn as head of its national risk management practice. In her new role, Hahn will be based in Summit, N.J., and will report …

Wells Fargo Renews Hunt for Insurance Brokerages to Buy

Wells Fargo & Co is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, executive vice president and head of Wells Fargo Insurance, said she “hit the pause …

Wells Fargo Insurance Launches California Prop 65 Insurance Program

Wells Fargo Insurance has launched a Prop 65 insurance program liability insurance program tailored to provide financial protection for product manufacturers, distributors, and formulators of products that contain any of six plasticizers covered under California Proposition (Prop) 65. California Prop …

Wells Fargo Insurance Names Calvert Head of Client Experience in Colorado

Wells Fargo Insurance has named Chris Calvert head of its newly established client experience team. Calvert will lead a team focused on strengthening customer service. She is based in Highlands Ranch, Co., and she reports to Todd Wartchow, head of …

Wells Fargo Insurance Names Anderson Head of San Francisco Bay Area

Wells Fargo Insurance has named Steve Anderson managing director for the San Francisco Bay Area region. Anderson will lead business development, cross-sell, and sales for Wells Fargo’s four insurance offices. He is based in San Francisco, and will report to …