Personal Lines
Florida’s Heritage Insurance Grabs Hawaii’s Zephyr for $120M
Two Florida-based property casualty insurers are pursuing expansion plans, following an M&A deal by a third instate rival to do the same. Heritage Insurance Holdings said it has agreed to snatch ...
Insurers Face Major Exposure to Climate Change Risks: Bank of England Governor
Bank of England Governor Mark Carney said UK insurers face potentially "huge" exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial ...
Russian National Sentenced in ‘Citadel’ Malware Cyber Crime Scheme
A Russian national was sentenced on Tuesday to 4-1/2 years in U.S. prison for using sophisticated malware known as "Citadel" to steal banking information from thousands of computers, authorities ...
Oct. 1 Credit Card Chip Deadline Moves Liability From Issuers to Merchants
The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their ...
Lloyd’s Chairman Nelson Faults Businesses for Too Much Focus on Profit
Lloyd's of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, ...
The Hanover Promotes/Adds New Execs to Run International Chaucer Arm
The Hanover Insurance Group promoted or brought in three new executives to help run Chaucer Syndicates Ltd., its international member company that underwrites various business at Lloyd's of London. ...
CEO of Willis Great Britain Calls for More Industry Diversity
Willis Great Britain CEO Nicolas Aubert issued a call to the insurance/reinsurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic ...
UPC Insurance to Grab Interboro Insurance For $57M
United Insurance Holdings Corp. (UPC Insurance) will pay $57 million for Interboro Insurance Company, a regional property/casualty insurer licensed to operate in four states and Washington, D.C. The ...