Reinsurers deployed 12% more traditional capital in the run-up to Jan. 1 renewals as the market responded well, with reinsurers maintaining pricing and underwriting discipline, according to reinsurance broker Guy Carpenter.
Author: Annie George
Dyad Launches to the Property & Casualty Insurance Market
Dyad, Inc. (formerly XDimensional Technologies and I-Engineering), a leading provider of insurance software and services backed by Serent Capital, has launched today.
ReSource Pro Acquires Helix Agency Services, Expands Insurance Technology Offerings
ReSource Pro announced its acquisition of Texas-based Helix Agency Services LLC, a provider of managed technology services for insurance agencies and brokers in the property and casualty marketplace.
State Farm to Increase Homeowners Rates by 20% in California
State Farm is expected to increase its average rate for homeowner insurance policies in California by 20% this year, under a proposal approved by the Department of Insurance, records shows.
UnitedHealth Group to Take $7 Billion Charge in Sale of Brazil Unit Amil
UnitedHealth Group Inc. said in a regulatory filing it has entered into an agreement to sell its operations in Brazil to a private investor.
Rising Construction Costs Plague Insurance Rates
Anyone in Florida looking to buy or build a home, or maintain insurance on a home they already own, are likely facing rising costs. Average annual premiums have risen to more than $4,200 a year, which is triple the national average.
NY Governor Vetoes Bill to End Noncompete Agreements
New York Gov. Kathy Hochul has vetoed a bill that would have prohibited noncompete agreements, such as those widely used by insurance brokers.
Another Corewell Health Data Breach Impacts More Than 1 Million Patients
For the second time in just a few months, Corewell Health patients in Southeast Michigan may have had their medical information exposed in a data breach.
Florida & Other States Fight Carbon Rule
Florida Attorney General Ashley Moody joined 20 other states Thursday in challenging a Biden administration rule aimed at reducing transportation-related greenhouse gas emissions.
Truck Engine Maker Cummins to Pay Record-Setting $1.675B Environmental Fine
Truck engine maker Cummins Inc has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation, according to the U.S. Justice Department. The Department said Cummins allegedly installed so-called “defeat… Continue reading Truck Engine Maker Cummins to Pay Record-Setting $1.675B Environmental Fine