Farmers Insurance Group of Cos. and United Services Automobile Association led the pack among the largest US homeowner insurers increasing premium rates in 2023.
Author: Annie George
Crypto Exec Bankman-Fried Sues Continental Casualty Over Unpaid Claims
Embattled cryptocurrency executive Sam Bankman-Fried, defending himself against criminal charges in New York, now is on the offense in California in a lawsuit over unpaid directors and officers claims.
WTW Launches MGU Verita
WTW launched independently staffed and operated managing general underwriter Verita.
Chubb and SentinelOne® Partner to Enhance Cyber Risk Management
Chubb, the world’s largest publicly traded property & casualty insurance company, is collaborating with SentinelOne, a leader in cybersecurity, to streamline cyber risk management practices for U.S. businesses.
Canopius Provides Capacity for Boost Insurance Programs
Boost Insurance said it partnered with Canopius US Insurance Holdings to provide long-term risk capacity for Boost insurance programs, allowing Boost to add to its capabilities.
Pre-Pandemic Woes Return to U.S. Commercial Auto Insurance Segment
Underwriting losses in the U.S. commercial auto insurance segment soared to $3.3 billion in 2022 following near-breakeven results in the previous year, according to a new AM Best report.
More Independent Insurance Agents are Shopping Premiums, Even as Carrier Satisfaction Is High
While independent insurance agents continue to be satisfied with their carrier partners, the rising cost of premiums has made these relationships increasingly tenuous.
Homeowners Flock to Last-Resort Insurance Policies
More than 30 states have some form of last-resort plan for people who can’t get coverage elsewhere. Plans can be statewide or restricted to coastal regions. Coverage varies between states, ranging from all-perils policies to those that cover wind, hail or fire only.
Kaiser Permanente Unions Strike, Mounting Largest U.S. Healthcare Walkout in Decades
More than 75,000 nurses, pharmacists and other employees of the Kaiser Permanente health system walked off the job Wednesday in the largest U.S. healthcare strike in recent history.
Nationwide Won’t Renew 10,000+ Homeowners Policies in Eastern NC
Nationwide’s decision to not renew 10,525 homeowners’ insurance policies in Eastern North Carolina could be a warning sign for the state’s insurance market, an expert told The News & Observer.