Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …
AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown measures coincided with the country’s exit from the European …
Los Angeles-based wholesale insurance brokerage firm, Brown & Riding, has added JulieAnne Lenzsch and Bill Lally in the firm’s Houston office. Both Lenzsch and Lally have focused on property risks throughout their careers and specialize in real estate, construction and …
An explosion and fire early on April 8 at an Ohio manufacturing plant left eight people injured and one person missing, authorities said. The explosion happened about 12:05 a.m. at the Yenkin-Majestic Paint facility in Columbus, triggering a fire, Columbus …
Distracted driving comes in second for the cause of traffic crashes in Texas, state transportation officials say. The Texas Department of Transportation (TxDOT) reports that one in five traffic crashes are caused by cell phone use and other distracted behavior. …
Indiana Farmers Insurance plans to enter the Ohio property/casualty insurance market this year. The Carmel, Indiana-based company, which distributes its products through independent insurance agents, will write commercial lines and farm insurance in Ohio. “In 2019, we successfully took our …
A medical marijuana bill on Wednesday cleared its first major hurdle in the Alabama House of Representatives. The House Judiciary Committee approved the bill after lengthy debate and multiple amendment attempts. The bill now goes to the Health Committee after …
This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these new hires follows here. Hiscox Specialist global insurer Hiscox has appointed Robert Dietrich as the new CEO of Hiscox Europe. …
Carjackings are on the rise in New Orleans, authorities say. Carjackings are up more than 60% compared to last year, WGNO-TV reported. So far in 2021, more than 70 people have been victims of the crime in New Orleans compared …
A bill backed by the Florida insurance industry and other stakeholders aimed at addressing the state’s insurance market woes was passed in the Senate chamber this week but faces an uncertain future as the companion bill in the Florida House …