Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA that includes commercial insurance brokerage and consulting, employee benefits and property/casualty national practices, along …
As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business. Florida-based HCI Group is looking to take …
The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire …
The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the Paris climate change accord. The American Insurance Association (AIA), …
The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program toward actuarial-based rates, while the …
House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do. The House Financial …
The Main Street America Group has promoted Dan Gaynor to senior vice president, chief underwriting officer. Gaynor, who has been the super-regional property/casualty insurance company’s vice president of commercial lines since 2011, will now oversee commercial lines and personal lines. …
The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the Paris climate change accord. While corporate leaders from finance, …
Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle, Turing Re Ltd., which will provide collateralized capacity for Hamilton Re’s global reinsurance portfolio. Hamilton Re said Turing Re has been funded with $65 …
The Inland Marine Underwriters Association (IMUA) has approved its 2017 slate of officers, with William Rosa, XL Catlin Re, being re-elected the association’s chair. Also re-elected were Richard Pye, QBE North America, as deputy chair and Bruce Jervis, Chubb as …
