Industry News
P/C Insurance Trade Groups AIA and PCI Plan to Merge
Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) ...
Adjuster Licensing Requirements Onerous, Costly
How many states require licensing of staff and/or independent adjusters? As a carrier or an adjusting firm, if you don't know, you just might be in violation. Currently, 34 states require independent ...
Most Young Insureds OK With Insurers’ Digital Spying If It Cuts Prices
The majority of people between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey ...
‘Yes’ Vote For AmTrust Buyout Won’t Stop Arca Capital Fight
Arca Capital is not backing down on its opposition of the privatization of AmTrust Financial Services, Inc., the investment firm said yesterday, announcing that court action is likely if shareholders ...
Tokio Marine Agrees to Pay $390M For IAG Ops in Southeast Asia
Tokio Marine Holdings, Inc. announced yesterday that it has entered into a definitive agreement to acquire Thailand and Indonesia insurance businesses of Insurance Australia Group Limited ("IAG") for ...
Harvey Weinstein Pushes for Jury Decision on Sex-Assault Insurance
Harvey Weinstein wants jurors to decide whether Chubb Ltd. and other insurers are acting in "bad faith" by refusing to pay to defend him against almost a dozen lawsuits accusing him of assaulting or ...
PartnerRe Rating Outlook Now Positive: A.M. Best
A.M. Best has revised the outlooks on the financial strength rating for most of the operating subsidiaries of PartnerRe Ltd to positive from stable, attributing the outlook change on the A ...
Digital Insurance Agency EverQuote Launches IPO
Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43.2 million in net proceeds for the company. EverQuote is offering ...