An April report by the New York Civil Justice Institute finds in most cases, the insurances costs in the state are higher than anywhere else in the country.
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USI Insurance Services Acquires Hignojos Insurance Agency
USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement plan consulting, today announced the acquisition of Odessa, Texas-based Hignojos Insurance Agency.
Half of Auto Insurance Customers Currently Shopping for New Policies, J.D. Power Finds
According to the J.D. Power 2024 U.S. Insurance Shopping Study,SM released today, that notable increase in premium—combined with lackluster customer satisfaction scores this year—is putting more insurance customers into the market for a new policy than ever before. Nearly half (49%) of U.S. auto insurance customers say they are actively shopping for a new plan.
Amwins Launches Multiline Quoting Platform, Amwins InstantQuote
Amwins, a global distributor of specialty insurance products and services, launched Amwins InstantQuote (Amwins IQ), an online marketplace enabling access to firm, bindable quotes from multiple carriers within minutes
Biden Vetoes Bill Against Joint Employer Rule
President Joe Biden vetoed a Congressional Review Act measure to overturn the National Labor Relations Board rule broadening joint employer liability, fulfilling a promise made in January, the White House announced Friday.
June Deadlines Set for Clear Blue, Aon in Vesttoo Legal Fight
Clear Blue Insurance Co. and Aon plc will have until June 21 to present motions in Clear Blue’s lawsuit again the broker in a case related to the bankruptcy of insurtech Vesttoo Ltd.
SEC Prepares to Sue Robinhood Over Crypto Unit
The Securities and Exchange Commission is preparing to sue Robinhood Markets’ crypto unit, ramping up its crackdown on digital-currency trading to target one of the most popular U.S. brokerage firms, the company said Monday.
Prudential to Shut Down Assurance, the Insurtech Startup It Acquired for $2.35B in 2019
Insurance giant Prudential is shutting down Assurance IQ, five years after spending $2.35 billion to acquire the under-the-radar tech startup based in the Seattle region.
Homeowners Insurance Company Asked for 93% Rate Hike in N.J.
At least one company asked state regulators for permission to raise rates by 93.4%, according to data obtained from the New Jersey Department of Banking and Insurance (DOBI).
Allstate CEO: Personal Auto Legal Costs Accelerate Rate Increases
If Allstate Corp.’s customers “quit getting sued every time they have an accident” the company could ease back on some rate increases, according to Chairman, Chief Executive Officer and President Tom Wilson.