Industry News
S&P Welcomes Allstate’s $4B Bid for National General
Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. A few ...
Insurity Grabs Virtual MGA for an Undisclosed Price
Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. The ...
Insurers Develop Products for a World Where Virus Outbreaks Are New Normal
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof ...
The Latest Launches From Verisk and Kovrr
Verisk launched a new program designed to help insurers cover small business risks unique to the gig economy. Kovrr, a cyber risk modeling company, has developed what it bills as an easy-to-use open ...
Executives On The Move at Everest Insurance and Hiscox
Everest Insurance hired a new Head of Casualty Claims. Hiscox promoted an executive to Group Chief Marketing Officer.***
Everest Insurance hired Louis Manger as ...
Uncertainty Remains Whether UK Insurers Will Have to Cover Business Interruption Claims
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing ...
U.S. Insurers, Wary of COVID-19, Avoid Already Strained Senior Care Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers ...
State Auto Extends CEO LaRocco’s Contract for 12 More Months
State Auto Financial Corp's board of directors has extended the contract of President and CEO Mike LaRocco for an extra 12 months, citing the need for "stability and continuity" in the face of ...