According to Optis Partners, total North American agent and broker M&A transactions fell 17% year on year in Q1 2023 to 158.
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Fox to Pay $787.5 Million to Settle Dominion’s Defamation Lawsuit
Fox Corp. agreed to pay $787.5 million to settle its closely watched legal battle with Dominion Voting Systems, averting a defamation trial.
Insurance Losses from Mississippi Tornado Nearing $100M
The Mississippi Insurance Department says insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million.
Insurers Paying Close Attention to Obesity Drugs as Demand Rises
There isn’t much stopping a new class of obesity-diabetes drugs from becoming one of the pharmaceutical industry’s biggest blockbusters.
Autonomous Vehicles Could Reduce Accident Frequency, Boost Insurer Profitability: Moody’s
According to a new Moody’s report, autonomous vehicles will initially boost auto insurance profitability while ultimately decreasing demand for traditional coverage – but the property/casualty insurance industry has time to evolve.
US Cyber Insurers See Favorable Premium Growth, Results in 2023
The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023.
Bank Failures Aren’t Stopping Regulators from Hitting Deposit Insurance Target
The recent failures of Silicon Valley Bank and Signature Bank won’t prevent US regulators from bolstering a key measure of deposit insurance.
Florida Homeowners Face New 1% Assessment Fee Amid Property Insurance Crisis
Florida homeowners can expect to see another spike in their insurance premiums as more insurers fail or leave the state.
Comulate Introduces Revenue Automation & Intelligence for Large Insurance Brokers
To decrease manual accounting costs and increase revenue, Comulate has introduced revenue automation and intelligence software for large insurance brokers and agencies
U.S. Property Casualty Insurance Underwriting Losses to Moderate in 2023
U.S. property/casualty industry underwriting results are likely to improve in 2023 as premium rates rise significantly in underperforming automobile and property segments, Fitch Ratings says.