Inszone Insurance Services announced the acquisition of Champions Insurance Group, an agency with a decade-long track record in the Houston community.
Author: Annie George
Quieter Hurricane Season Predicted: Colorado State University Forecast
The likely development of El Niño should bring a “slightly below-average” Atlantic hurricane season, top forecasters announced Thursday at a hurricane conference in Texas. But the forecast also notes a high level of uncertainty.
Aon Estimates Q1 2023 Global Insured Catastrophe Losses at $15B
Te Impact Forecasting division of insurance and reinsurance broker Aon has issued a preliminary estimate for first-quarter 2023 insured global catastrophe losses, putting the total at around $15 billion.
Millions Gain Access to 401(k)s as More Small Businesses Launch Plans
A relatively strong job market, new tax breaks, and state mandates are encouraging more small businesses to offer 401(k) plans to their employees.
The Hanover Announces Launch of Cyber Risk Management Program for Commercial Lines Customers
The Hanover Insurance Group, Inc. today announced the launch of its Hanover CyberSecure Program™.
Global Watchdog Issues Blueprint for Banks to Report Cyberattacks
The G20’s financial watchdog recommended a blueprint for banks to report cyberattacks in a standard format.
Gallagher Re: Hard Market for Aviation Reinsurance to Continue
As aviation reinsurance continues to recover from large losses caused by a number of challenges in recent years, the medium-term outlook suggests that the market will remain difficult for some time to come.
Hagerty Trims Staff by 4%
The Traverse City-based company will lay off 83 employees, according to a Securities and Exchange Commission filing submitted Wednesday morning.
FDIC Official: SVB Failed from Mismanagement, Not Loose Regulations
Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC) official said on Wednesday.
Deposit Crisis Sets Up a Tough First Quarter for All but the Biggest Banks
A deposit run that felled Silicon Valley Bank and Signature Bank has hurt small banks much more than big ones, draining low-cost funding that has fueled their profitability in recent years.