Commercial Lines
Wells Fargo Will Refund $80M to Customers Wrongly Charged for Car Loan Insurance
Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance (CPI) policies. Wells Fargo ...
Markel’s Fitch, A.M. Best Ratings Hold Steady After State National Acquisition News
Markel Corp.'s plan to acquire State National Companies for $919 million drew steady, neutral reaction from both Fitch Ratings and A.M. Best. Fitch Ratings responded to the July 26 acquisition ...
The Latest Launches From Generali and XL Catlin
Generali's travel insurance arm is coming out with three new coverage plans, plus its first direct-to-consumer travel insurance website. XL Catlin has come out with a new policy form to address the ...
Allianz Teams With InsurTech Startup to Debut On-Demand Drone Insurance in UK
Allianz Global Corporate & Specialty (AGCS) has partnered with InsurTech startup Flock to launch on-demand drone insurance in the UK market through a mobile app for commercial and recreational ...
EU Says Formal Brexit Talks Face Possible Delays; UK Disagrees
Talks between Britain and the European Union on their future relationship are now less likely to start in October, the EU's top negotiator has said, due to a lack of progress on Brexit divorce issues ...
Wells Fargo Alleges Alliant Attempted to Poach Brokers After Failed Buy Bid
Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.'s insurance business but sought to steal its rival's employees anyway, according to a lawsuit filed Thursday in Delaware. ...
Build a Happy Insurance Workforce, Boost Customer Satisfaction With These 4 Steps
When employees feel valued and they have the tools and information they need to do their jobs, they perform better, which can translate directly into higher customer satisfaction. This is true of any ...
Super Regional Carriers Gain by Educating ‘Suspicious’ Regulators About Tech Advances
"We're curious and we don't know. When regulators don't know what's going on, they get suspicious." That was Wisconsin Insurance Commissioner Ted Nickel acknowledging that like the industry they ...