Ohio-based Demotech Inc. recently affirmed the financial stability ratings (FSRs) assigned to six self-funded public entity pools in the Midwest. Demotech reviews and rates more than 415 insurers, writing every line of property/casualty insurance in the US, District of Columbia, …
Dallas-based wholesale insurance broker and managing general agent, LevelFirst, announced that April Moeser has been named executive vice president. With more than 25 years of experience in commercial insurance sales, marketing, underwriting and claims, Moeser is charged with the primary …
Milwaukee, Wis.-based independent insurance agency, Robertson Ryan & Associates Inc., has hired Allan Degner as marketing director, responsible for corporate marketing operations, branding, advertising and public relations. Degner has nine years of marketing experience and formerly handled marketing operations, branding, …
Sanford “Sandy” Weill, the former head of Citigroup Inc., has stepped down as chairman of Hamilton Insurance Group, the Bermuda-based company backed by quantitative hedge fund firm Two Sigma Investments. Weill, 82, is retiring effective immediately, and will be replaced …
Propel Insurance has acquired Medford, Ore.-based United Risk Solutions. United Risk specializes in complex accounts, including the timber and trucking industries, commercial insurance, workers’ compensation, employee benefits and bonding. Propel provides property/casualty, risk management, workers’ comp, employee benefits, personal insurance …
California Insurance Commissioner Dave Jones has reached an agreement with Allstate Insurance Co. and Allstate Indemnity Insurance to reduce the carrier’s homeowner insurance rates statewide by an average of 12.6 percent. The average annual decrease is roughly $230. The rate …
Alaska consumers will benefit from a proposed law that will enable insurers to use insurance scoring when a homeowner or auto policy is renewed, according to the Property Casualty Insurers Association of America. SB 127 was passed out of the …
A Montana jury has ruled against a woman who sought millions of dollars from health care providers that she said failed to diagnose her unborn daughter’s cystic fibrosis. Kerrie Evans of Gardiner had testified that she would have had an …
More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015, state Attorney General Kamala Harris said in a report citing tips on how people and businesses can protect themselves. Harris …
Aon Benfield’s catastrophe model development team, Impact Forecasting, has launched a U.S. severe thunderstorm (STS) scenario model that it says can help insurers more accurately estimate annual losses based on historical data. Severe thunderstorms can produce damaging winds in excess …
