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Author: Annie George
Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company
The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.
CA Commissioner Lara Gives Progress Report on Sustainable Insurance Strategy
Insurance Commissioner Ricardo Lara told California Assembly members at a legislative oversight hearing that “California is at an insurance crossroads and for many Californians this is an insurance emergency.”
Vesttoo Creditors’ Plan Outlines Payout of Up to $2.8 Billion
A proposed liquidation plan could see creditors of troubled insurtech Vesttoo Ltd. collect an aggregate of up to $2.8 billion, according to court documents.
PG&E Fire Victims Will Soon Receive Final Compensation, But Won’t Be Made Whole
PG&E power lines were blamed for 2018’s Camp Fire, the deadliest wildfire in California’s history. But it was just one of 1,900 fires sparked by the utility since 2014, state investigators say.
Aon to Buy Middle-Market Insurance Broker NFP in $13.4B Deal
Management consulting firm Aon said on Wednesday it will buy privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan advisory.
Alera Group P/C Outlook: Greater Stability in Commercial Lines, Heightened Challenges in Personal Lines
While there are positive signs – including new capacity coming into the marketplace – unprecedented industry losses and unprofitability in Homeowners and Auto Insurance will significantly impact pricing and availability, especially in catastrophe-prone areas and states with challenging regulations.
Companies Trying to Sort Out How to Comply with SEC Cyber Rules
Some public companies are still trying to figure out how to comply with new rules from the US Securities and Exchange Commission requiring speedy disclosure of significant cyberattacks.
ITRC: 2024 Cyber Predictions
The Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crimes and compromises, has released its 2024 predictions.
Vertical Integration Results in More Medical Care, Higher Claim Costs, and Longer Recovery after Injuries
A new Workers Compensation Research Institute (WCRI) study found that vertical integration results in more medical care, higher claim costs, and longer recovery among workers injured on the job.