AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435 billion for 2022 from …
Arthur J. Gallagher & Co. today announced the acquisition of Alexandria, Louisiana-based Watkins Insurance & Benefits, LLC, dba Watkins Group — Insurance & Benefits Specialists. Terms of the transaction were not disclosed. Founded in 2008, Watkins Group offers employee benefit …
A federal appeals court cleared the way last Friday for a lawsuit to proceed against guards and officials at a privately run north Louisiana jail where an inmate died with a fractured skull in 2015. The lawsuit by family members …
The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money that was intended for insurance claimants. The department on Aug. 18 revoked the public adjuster license issued to Kade …
Thomas Stephanie, age 46, of Washington, Iowa, was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau.The charges against Stephanie stem from an investigation which …
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn’t want to halt its reach anytime soon. In recent weeks, Amazon has said it …
Liberty Mutual Names Former CNA Exec as President, GRS North America Liberty Mutual Insurance announced the appointment of Kevin Smith as president of Global Risk Solutions (GRS) North America. Reporting to GRS President Neeti Bhalla Johnson, Smith will be accountable …
A Georgia insurance agent is facing additional charges after she was arrested in July for allegedly keeping premium refund checks that were intended for policyholders. Kerri Monroe, 48, of Lyons, Georgia, in late July was charged with five counts of …
A young mother is the third member of her family to die in a gas explosion at her Missouri home, authorities said last Friday. Myranda Gale Golden, 22, was hurt Monday when her home in the far southern Missouri town …
Auto insurance shopping was down 3% overall in Q2 2022 compared to Q2 2021. That trend was primarily driven by a significant decrease by higher-risk consumers, where shopping decreased 11%, compared to Q2 2021. TransUnion’s new Personal Lines Insurance Trends …