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American Coastal to Sell Interboro to Forza Holdings, Completing Personal Lines Exit
May 13 2024 // American Coastal Insurance Corp. (ACIC) has agreed to sell its subsidiary Interboro Insurance Co., a New York domiciled insurer, to Forza Insurance Holdings, a Houston-based firm that funds insurance organizations serving...
Mercury Insurance Taking Tokio Marine’s California Personal Lines Business
May 10 2024 // Mercury Insurance on Thursday announced a plan that the Los Angeles-based carrier says will help maintain insurance availability and provide coverage for thousands of California consumers as two insurers exit the...
People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O
Apr 19 2024 // Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce...
Zuckerberg Avoids Personal Liability in Meta Addiction Suits
Apr 16 2024 // Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc. and other social media companies of addicting children to their products. US District Judge Yvonne Gonzalez...
Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers
Apr 4 2024 // Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and...
Twice as Many Personal Lines Insurers Downgraded by AM Best in 2023
Apr 1 2024 // AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in its official tally for the year. Additional...
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