Industry News
NAIC, Legislators Push to Abolish the Federal Insurance Office
Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the Federal Insurance Office. This comes on the heels of legislation, the ...
Property Data and Info Provider CoreLogic Rebrands to Cotality
Property data provider CoreLogic is rebranding to Cotality. The rebrand includes a new name, logo and brand identity. "The property ecosystem underpins the prosperity of individuals, businesses, ...
North Carolina Association Celebrates 15,000 FORTIFIED Homes
On Friday, the North Carolina Insurance Underwriting Association (NCIUA) celebrated a major milestone. More than 15,000 homes have received the FORTIFIED Roof designations statewide. NCIUA also known ...
Health and Safety Top D&O Risks: Study
Health and safety remains the No. 1 risk for directors and officers globally for the second year running, according to a survey by Willis, a WTW business, in ...
Wall Street Brokers Start Trading Insurer Claims From LA Fires
Wall Street brokers have started selling insurers' claims tied to Los Angeles' deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar ...
U.S. P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and ...
The Doctors Co. Buys Med Mal Insurer ProAssurance in $1.3B Go-Private Deal
The Doctors Company said it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Birmingham, Ala.-headquartered ProAssurance is a specialty insurer ...
Munich Re’s Ergo Buys Next Insurance; InsurTech Valued at $2.6B
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer's major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo ...
Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in U.S. Vehicle Thefts
Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply ...