Industry News
Florida Citizens Board Votes to Raise Rates 14%, But Litigation Costs Dropping
The board of governors for Florida's state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14 percent statewide – near the ...
Most People ‘Think’ They Understand Insurance Coverage: Survey
A new survey from Trusted Choice, the national consumer brand that represents members of the Independent Insurance Agents & Brokers of America, reveals that while 86 percent of respondents ...
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. ...
Vantage Group Chairman and Former Arch CEO Iordanou Dies
Constantine "Dinos" Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd., has died. Described as "an industry legend," as well ...
The Latest Launches from CFC, Ascend, VIU
CFC, a specialist insurance provider, launched an update to its cyber risk heat map to include more detail on the key exposures for a range of industry sectors from construction and education to ...
Employee Who Was Trapped in Elevator Denied Workers Comp Benefits
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers compensation benefits. The employee did not suffer any physical injury while she was ...
Low Software-Generated Replacement Costs Fuel Suit Against Farmers
Alameda County District Attorney Pamela Price's Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they're operating a ...
Mubadala Proposal to Sell InsurTech Startup Wefox Opposed by Founders
Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm's founders. The Abu Dhabi ...