Confie, the largest personal lines insurance distribution company in the U.S., announces the acquisition of Acceptance Insurance’s Retail division to its family of brands
Category: Show on Homepage
Google Reaches $27M Settlement in Case That Sparked Employee Activism in Tech
Google has reached a $27 million settlement with employees who accused the tech giant of unfair labor practices, setting a record for the largest agreement of its kind, according to California state court documents that haven’t been previously reported.
AM Best Maintains Stable Outlook on U.S. Health Insurance Market Segment
AM Best is maintaining its stable outlook on the U.S. health insurance market segment for 2024, noting its continued favorable earnings, the positive impact of interest rates on investment-related financial results, in addition to growth in the Medicare Advantage (MA) business.
Inszone Announces Strategic Investment from Lightyear Capital
Lightyear Capital LLC has entered into a definitive agreement to make a strategic investment in Inszone Insurance Services, LLC, one of the fastest-growing insurance brokerages in the United States. Since its founding in 2002, Inszone has experienced industry-leading growth through a combination of organic initiatives and acquisitions, driven by the company’s fully integrated and data-enabled platform.
To Combat Climate Change, Builders Create Greener—and Tougher—Homes
By incorporating sustainability and resilience into home construction, developers are addressing both a cause of climate change—carbon emissions—and one of its effects—stronger storms.
AM Best Maintains Stable Outlook on U.S. Life/Annuity Insurance Segment
AM Best is maintaining its stable outlook on the U.S. life/annuity market segment for 2024, noting its strong liquidity and capital positions, robust annuity sales and slightly improved new money yields in a benign credit environment.
New York Regulators Levy $1M Fine Over Title Insurer’s 2019 Data Breach
First American Title Insurance has agreed to pay $1 million to the New York State Department of Financial Services over a 2019 data breach and implement new security measures to protect consumers’ data.
Time from Injury to First Medical Service Among Workers’ Comp Patients Examined Pre- and Post-Pandemic
A new Workers Compensation Research Institute (WCRI) study, Time to First Medical Service—A WCRI FlashReport, examines the time from injury to first medical service among injured workers across states before and after the COVID-19 pandemic.
Q3 2023 P/C Market Survey Shows Softened D&O Premiums for First Time Since Q1 2017
Overall premiums increased by an average of 8.1% in Q3 2023 in comparison to 8.9% in Q2. This marked the 24th consecutive quarter of steady increases.
AM Best Maintains Stable Outlook on Global Reinsurance Industry
AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected to result in widening profit margins.