Industry News
AmTrust Makes Offer for Specialty Auto Insurance Co.
AmTrust Financial Services will snatch up CorePointe Insurance Co., a deal intended to give it a better roster of specialty commercial auto insurance products. Neither side is disclosing financial ...
Nationwide Launches Small Biz Cyber Cover with HSB
Nationwide has joined forces with Hartford Steam Boiler to offer cyber insurance coverages for small business owners. The comprehensive services and coverages help small businesses respond to a data ...
CRC, AmWINS, Swett Gain Exclusive Access to New $25M Lloyd’s D&O Facility
Three of the largest U.S. wholesale firms, CRC, AmWINS Brokerage, and Swett & Crawford announced the launch of a new $25 million public D&O program at Lloyd's called the CAS Facility. The ...
Risk Point Launches Mobile Weather App for Auto Dealers Insurance Program
Last week, Risk Point, LLC announced the release of a weather alert application, Risk Point Alert, designed specifically for the auto dealer industry. Risk Point Alert sends push notifications to a ...
USAA Financing Wheelchair Accessible Vans for Members
On Friday, Vantage Mobility International (VMI) announced an agreement with USAA that will make it easier for USAA members to secure a wheelchair accessible vehicle (WAV). Under the agreement, USAA ...
Arizona Sues GM for $3B, Alleging Fraud Over Faulty Ignition Switches
Arizona became the first state to join consumers already suing General Motors Co. over faulty ignition switches, claiming the company misled motorists about the safety of its cars and defrauded them ...
Marsh & McLennan Division to Grab Investment Management Firm
Marsh & McLennan Cos., the largest insurance broker by market value, agreed to buy SCM Strategic Capital Management AG as its Mercer unit expands in alternative investments. SCM, which oversees ...
Risker P/C Industry Investments Likely as Returns Taper Off: Conning
The property/casualty insurance industry could very well see pricing taper into negative territory in 2015. Faced with that reality, plus low interest rates, companies may find them selves forced to ...