Industry News
Oklahoma Halts Policy Cancellations During Tornado Outbreak
Oklahoma Insurance Commissioner Glen Mulready on May 24 directed insurance companies to keep coverage in effect for storm victims for the next 30 days. The bulletin was issued following severe ...
China Says Hiking U.S. Tariffs Hurts World Economy But Has ‘Very Limited’ Effect on China
The U.S. escalation of trade tensions won't solve any of its problems but will create volatility in global markets and hurt the world economy, according to China's top financial regulator. Higher ...
China to Create New Company to Assume Anbang Insurance Business
The Chinese government is taking a major step in its efforts to sell a strategic stake in Anbang Insurance Group Co., the acquisitive insurer it took over last year amid a fraud investigation into ...
Argo Group Annual Meeting Voters Endorse Company Board, but Challenge Executive Pay
Argo Group International Holdings ended up having a fairly routine annual meeting on May 24, after spending months fending off accusations of excessive spending and other abuses from an activist ...
Teva Settles Oklahoma Opioid Marketing Claims Before Trial for $85 Million
Teva Pharmaceutical Industries Ltd. said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and ...
Executives On The Move at Everest Re and GuideOne Insurance
Everest Re appointed a veteran insurance industry board member and financial executive to its own board of directors. GuideOne Insurance named a new chief underwriting officer. *** Everest Re Group ...
U.S. Personal Lines Is on an Upswing, Driven by Auto Insurance Gains
U.S. personal lines insurance saw strong premium growth of 8 percent in 2018. What's more, the sector's statutory combined ratio of 99 for 2018 represented the market's best results since 2013, ...
Carlson Named Wells Media Group’s New CEO
Wells Media Group Chairman Mark Wells announced that Josh Carlson has been named CEO of Wells Media Group, Inc., effective immediately. Carlson has served as chief technology officer/chief innovation ...