Industry News
Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices
Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki ...
AM Best Revises James River Group Outlook to Negative
AM Best has revised the outlook for James River Group Holdings Ltd and most of its subsidiaries and has downgraded the credit ratings of JRG Reinsurance Company. The ratings agency has revised the ...
Title Insurer Reports Another Cybersecurity Event; Fitch Monitoring Ratings
Less than a month after New York insurance regulators said a title insurer would pay $1 million for violations of a cybersecurity regulation stemming from a 2019 breach, the holding company for the ...
California Commish Warns Insurers About Auto Insurance Consumer Complaints
California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of ...
Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren't the exact words used by Aon's CEO Greg Case, ...
California Workers’ Comp Report Shows Written Premium Nearing Pre-Pandemic Levels
A new report from the Workers' Compensation Insurance Rating Bureau of California shows written premium in 2022 was 14 percent above the previous year. The WCIRB's Quarterly Experience Report is an ...
Apollo-Owned Aspen Insurance Files for IPO in U.S.
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing. The company did not disclose ...
Tech Bytes: New Partnerships at bolt, Convr AI, Mylo
bolt, an InsurTech with a technology-enabled property/casualty insurance exchange, announced a partnership with Ledger, a global platform to secure crypto and critical digital assets, to launch a new ...