U.S homeowners insurers saw an increase in both the number of losses and the percentage of those losses that resulted from an extreme weather event during 2017. According to a LexisNexis Home Trends report, loss costs increased 19 percent from …
The Connecticut Insurance Department has approved a nearly 17 percent decrease in rates for workers’ compensation insurance, marking the fifth consecutive year that rates have dropped in Connecticut. “This steady drop – nearly 50 percent over the last five years …
QBE Canada unveiled a new leadership team, which is being led by Jamie Thompson, who took on the role as director of Canada earlier this year. In this role, Thompson has oversight of QBE’s Canadian customers, including those who purchase …
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Md. Terms of the deal were not disclosed. Founded in 1981, Arkin Youngentob …
The pipeline upgrade work that triggered natural gas explosions and fires in three Massachusetts communities last month is slated to be finished this week ahead of schedule. Columbia Gas said in a newsletter to customers Monday that replacement of about …
Liberty Mutual’s Safeco insurance has agreed to accept the $132.5 million in personal lines business of Iowa-based EMC Insurance Companies. Safeco is offering EMC’s independent agents the opportunity to transition their EMC personal lines policies to Safeco beginning the first …
Can I be honest for a minute? I’m not a Halloween fan. It makes my list of favorite holidays right after Columbus Day and before Black Friday. No, I’m not planning on giving you my top ten holiday list (although …
The Willis Research Network (WRN) announced it has renewed its partnership with the Global Earthquake Model (GEM) Foundation. The agreement represents a continued commitment to working collaboratively in order to develop and promote better understanding of earthquake risk. “The truly …
Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its 33 percent share in the share capital of Cardif Lux Vie S.A. (CLV), for a total cash consideration of €152 million ($172.7 million). Under the deal, …
A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard & Poor’s said on Tuesday. …
