American drivers logged a record number of miles in the first three months of the year, as travel rose 4.2 percent to 746 billion miles, the U.S. Transportation Department said on Friday. In March this year, Americans drove 273.4 billion …
Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new branch based in Hong Kong, Nexus Underwriting Asia (HK) will …
Delta Lloyd NV started selling its entire 30.2 percent stake in wealth manager Van Lanschot NV as part of the insurer’s plan to boost capital. A total of 11.3 million existing depository receipts of Van Lanschot are on sale at …
Controversial cyber security regulations for China’s insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade Beijing to change tack. Those groups say the draft measures are vague and …
Florida businesses could soon be paying almost 20 percent more for workers’ compensation coverage. In response to a recent decision from the Florida Supreme Court, the National Council on Compensation Insurance (NCCI) filed a 17.1 percent rate increase with the …
The independent insurance agency network, Combined Agents of America LLC (CAA), has elected Mack Purifoy to serve as president for the coming year and secretary David Wellmann to serve as secretary. Purifoy owns Purifoy & Company Insurance in Temple, Texas. …
South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina Insurance Director Raymond Farmer hopes to get across …
The state’s insurance department is taking over a company that provides health insurance to nearly 22,000 residents, mainly in central Ohio. The move affects those holding InHealth Mutual policies from Coordinated Health Mutual Inc. The suburban Columbus-based company is organized …
Health insurance companies would no longer be able to raise rates for Affordable Care Act consumers in Missouri without review by a state agency under a measure awaiting the governor’s signature. Advocates say the change is long overdue. Missouri is …
A former Oklahoma insurance executive has been chosen to head the Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. Richard Newberry has been named the new chief executive officer. The Advocate reports state Insurance Commissioner Jim …
