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13 11, 2020

Hiscox USA Appoints Fiddler as Chief Marketing Officer

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Regine Fiddler has been appointed chief marketing officer for insurer Hiscox in the U.S. Fiddler, who previously served as the chief marketing officer and head of Product at BankMobile, will report to and succeed Russ Findlay, who was promoted to …

13 11, 2020

Vertafore Reveals Potential Breach of Texas Driver Information

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Denver, Colo.-based insurance information technology company, Vertafore Inc., says a potential breach has occurred of data involving information about anyone who was issued a driver’s license in Texas prior to February 2019. The company reported to the Texas Department of …

13 11, 2020

28 Election Employees in 1 Missouri County Test Positive for Virus

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Twenty-eight employees of the election board in one of Missouri’s largest counties have tested positive for the coronavirus in recent weeks, and a director believes they most likely got infected from voters, though local health officials aren’t convinced. The Jackson …

13 11, 2020

Home, Pet Insurer Lemonade Bypasses Auto in Favor of Life… for Now

By | November 13th, 2020|Uncategorized|Comments Off on Home, Pet Insurer Lemonade Bypasses Auto in Favor of Life… for Now

Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report this week. During an investor conference call, Lemonade executives confirmed …

13 11, 2020

Alabama Warns of Fake Drivers License Renewal Sites

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Alabama law enforcement officials on Tuesday cautioned people to beware of third-party websites when they renew their driver license online. The Alabama Law Enforcement Agency said in a news release that some third-party websites are charging people extra fees to …

13 11, 2020

World Insurance Associates Acquires The Walker Agency of South Carolina

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World Insurance Associates LLC (WIA) has acquired The Walker Agency, Inc of Anderson (d/b/a Palmetto Insurance) of Anderson, S.C. on October 1, 2020. Terms of the transaction were not disclosed. Palmetto Insurance is a property & casualty focused agency, specializing …

13 11, 2020

North Carolina Insurers Seek 24.5% Rate Hike for Homeowners

By | November 13th, 2020|Uncategorized|Comments Off on North Carolina Insurers Seek 24.5% Rate Hike for Homeowners

The North Carolina Rate Bureau has requested an average statewide rate increase of 24.5% on homeowners insurance rates in the state, according to a statement from the North Carolina Department of Insurance. The NCRB is not part of the NCDOI …

13 11, 2020

Italy’s UnipolSai Stays on Profit Track Despite Coronavirus Resurgence

By | November 13th, 2020|Uncategorized|Comments Off on Italy’s UnipolSai Stays on Profit Track Despite Coronavirus Resurgence

UnipolSai, Italy’s second-largest insurer, confirmed its full-year targets on Friday after a 37.7% rise in nine-month earnings, despite an uncertain economic outlook caused by the resurgence of the COVID-19 pandemic. The company said its consolidated net profit for the first …

13 11, 2020

Goldman Eyes More Business From Europe’s Insurers With Barclays Hire

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Goldman Sachs has poached Barclays’ insurance banker Marguerite Bion to win more business from Europe’s biggest insurers as industry consolidation heats up amid anemic profitability and tightening regulation. Bion, who started her career at Citigroup in 2001 and spent the …

13 11, 2020

For First Time, Federal Reserve Cites Climate as Financial Stability Risk

By | November 13th, 2020|Uncategorized|Comments Off on For First Time, Federal Reserve Cites Climate as Financial Stability Risk

The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a warming planet. “Acute hazards, …