Fitch Ratings said it maintains a stable rating outlook for the U.S. commercial lines sector due to improving profitability over the past two years and strong capital levels allowing insurers to withstand considerable adversity. Fitch’s fundamental outlook on the commercial …
On behalf of the National Governors Association, Alabama Gov. Robert Bentley and West Virginia Gov. Earl Ray Tomblin on March 28 wrote Treasury secretary Jacob Lew about Treasury’s Federal Insurance Office (FIO) report last December on how to modernize the …
American International Group (AIG) has named Jerry Hourihan as president of Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas. Hourihan will be a high net worth client advocate and …
A consumer advocacy group is urging New York regulators and legislators to undertake a thorough review of rate-making practices by auto insurers in New York. The New York Public Interest Research Group (NYPIRG) said that according to its analysis, some …
New York’s new budget gives state financial regulators authority to issue licenses to title insurance agents for the first time. Sponsors say the measure is intended to protect consumers and lower costs for New York homeowners. New York State’s Department …
The Nebraska Supreme Court upheld the finding of a lower court that a crop insurance agent breached the terms of her contract with a former employer when she went to work for another agency. However, in First Express Services Group …
Leavitt Recreation & Hospitality (LRHI) added Ali Larson and Marvin Aga as commercial insurance producers focused on outdoor recreational businesses including campgrounds, RV parks, resorts, hunting lodges and ammunition manufacturers. Larson has experience in property, auto and life insurance. Aga, …
For insurance companies, now is a good time to buy reinsurance. Prices are down and terms and conditions are favorable, according to Mathew Wulf, vice president, state relations and assistant general counsel, for the Reinsurance Association of America. All in …
Transportation Network Companies like Uber, Lyft and Sidecar should bear the insurance burden when they encourage non-professional drivers to use their personal vehicles to transport passengers for a profit, according to recommendations from California Insurance Commissioner Dave Jones. Jones’ recommendations …
Monterey, Calif.-based Capital Insurance Group President and Chief Executive Officer Peter Cazzolla announced he will retire from the company. Cazzolla’s retirement is to be effective at the end of the year. He will continue in an advisory role to ensure …
