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Two 100+ Years Old New Hampshire Agencies Merge

Two long-time New Hampshire insurance agencies— The Insurance Center based in Claremont and McCrillis & Eldredge in Newport— announced that their companies are joining forces. The combined organization will continue to operate under both brands and both principals will remain …

Older and Younger Executives Disagree About Remote Work Arrangements

Bosses and workers rarely agree on what matters when it comes to the future of work. But there’s division even within the c-suite, particularly regarding the disparate treatment remote and in-office workers can face. Younger executives cited those inequities as …

Beazley’s H1 Profits Drop but Full-Year Outlook Rises on Cyber Premium Growth

Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance on an increase in cyber risk premiums. Beazley, a major cyber insurer, said it …

Travelers’ Income Drops, but Still Beats Profit Estimates on Record Premium Growth

Insurer Travelers Cos. Inc. reported a smaller-than-expected fall in quarterly profit on Thursday, as record premium growth cushioned a hit from higher catastrophe-related claims and lower returns on investments. The company’s core income fell to $625 million, or $2.57 per …

Boston Police Unions Challenge Rules on Use of Force

Two police unions in Boston want to roll back limits on when they can use tear gas, pepper spray and other less-than-lethal crowd control methods, which the City Council implemented last year. The two unions are asking a judge to …

Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers

Florida’s top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that they will soon be downgraded. Demotech President Joe Petrelli said Thursday evening that …

Indiana Abortion Doctor Signals She’ll Sue AG over Comments

An Indianapolis doctor who performed an abortion on a 10-year-old rape victim from Ohio took the first step Tuesday toward suing Indiana’s attorney general for defamation. Dr. Caitlin Bernard, an Indianapolis obstetrician-gynecologist who gave the girl a medication-induced abortion on …

Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List

In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the figure reported in 2016. That’s one jaw-dropping but not surprising takeaway from the Florida Office of Insurance Regulation’s recently posted …

Higginbotham Acquires Texas’ Brown & Company

Brown & Company Insurance Services, an employee benefits and individual life and health insurance agency in College Station, Texas, has combined with Higginbotham, an insurance, financial and HR services firm ranked as the 20th largest independent broker in the U.S. …

People Moves: Beazley Chair to Step Down; Miller Forms Farms & Estates Team With 2 Hires From Aon; AXA XL Names HDI’s White as Senior PI Underwriter

This edition of International People Moves details board changes at Beazley and appointments at Miller and AXA XL. A summary of these new hires follows here. Beazley’s Chair Roberts to Step Down Beazley plc announced that its chair, David Roberts …

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