Fires at an apartment complex displaced more than 20 people on Sunday night, with authorities saying the blaze was suspicious and appeared to have been started in the recycling bins left on back porches. This is the second fire to …
A case pitting several insurer groups against Washington Insurance Commissioner Mike Kreidler is set to be heard on Friday morning. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents of Washington and the American Property Casualty Insurance …
The number of Americans taking prescription medication is up 6.4% in the last year, which means that 65 million people (1 in 5) are now prescribed medication to help them cope with stress, anxiety or depression, according to an online …
LONDON – UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday it had filed an appeal in an Egyptian court over the detention of the vessel by …
This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings Ltd., announced …
Property/casualty insurance software firm Insurity has completed its acquisition of Instec, a cloud software maker for mid-size property/casualty carriers, managing general agencies and specialty insurers. Terms of the acquisition were not disclosed. Insurity said the deal further increases its support …
Despite the combined effects of around $25 billion of pandemic- and natural catastrophe-related losses as well compromised investment returns, a group of reinsurers studied by Aon reported positive earnings for 2020 and an increased capital base, aided by access to …
North American buyers of commercial property/casualty insurance can expect an “ever-so-slight turn for the better” and a “less difficult marketplace” in the months ahead. However, global broker Willis Towers Watson’s 2021 Insurance Marketplace Realities report adds, buyers will continue to …
Bermuda-based Argo Group International Holdings Ltd. announced estimated catastrophe losses of approximately $47 million for the first quarter of 2021. Argo expects to report Q1 natural catastrophe losses of approximately $43 million, primarily related to Winter Storm Uri. Approximately half …
The U.S. inland marine insurance segment experienced a “significant downturn in profitability” in 2020, with its loss ratio deteriorating by nearly 16 percentage points amid the COVID-19 pandemic, according to an AM Best report. The Best’s Market Segment Report, “Significant …