Allstate Corp. annualized written premiums should rise about $1 billion on strong double-digit auto rate increases approved by regulators in California, New York and New Jersey, according to Chief Financial Officer Jess Merten.
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LinkedIn to Pay $6.75M in ERISA Class-Action Settlement
LinkedIn Corp. will pay $6.75 million to more than 17,000 current and former employees to settle a class-action lawsuit alleging the company violated its fiduciary duties in the management of a participant-directed 401(k) plan, according to court documents filed Wednesday.
NHTSA Launches Holiday Drive Sober Campaign
The National Highway Traffic Safety Administration has taken the first step toward making impaired-driving prevention technology standard in new passenger vehicles.
Allianz: Prepare for Directors and Officers (D&O) Headwinds
Ongoing inflation, refinancing and insolvency pressures, geopolitical issues, and electoral uncertainty are just some of the headwinds D&Os need to be prepared for in 2024, according to Allianz Commercial financial lines and D&O experts.
Best’s Special Report: 2022 U.S. P/C Impairments Update Includes Six Companies
Six U.S. property/casualty companies became impaired in 2022, all of which were placed into insolvent liquidation, according to an AM Best report.
Markel International Launches Specialty Division
Markel, the insurance operation within Markel Group Inc. has launched a Specialty practice within its International Wholesale division which will be spearheaded by Tom Hillier as Divisional Managing Director
Signers National Hires Chris Parkinson as CIO
Signers National, a group of premier insurance companies dedicated to servicing key client segments across the United States, announced the hiring of Chris Parkinson as chief information officer (CIO), effective immediately.
Convelo Insurance Group Hires Andrew Borst as President
Convelo Insurance Group, a national managing general underwriter specializing in unique insurance products for niche insurance segments and a division of Signers National, announces the hiring of Andrew “Andy” Borst as the organization’s new president effective immediately.
WTW Launches CyProtect Bermuda
WTW today announced the launch of CyProtect Bermuda, a cutting-edge cyber insurance product designed and tailored to be a comprehensive solution for financial, professional, and executive risks.
Insurers Take In Thousands of Claims After Storms Hit Tennessee, Kentucky
Two insurers have taken in more than 2,300 claims after a catastrophic tornado outbreak struck Middle Tennessee and Kentucky on Dec. 9. Single and multifamily dwellings, autos and commercial and industrial properties were damaged or destroyed by six tornadoes with winds up to 150 mph.