AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation and slow GDP growth. AM Best’s analysts project 2% growth for the country’s insurance industry in 2022. The country’s premium …
United Fire Group Names Kevin Leidwinger as new President and CEO United Fire Group, Inc. named Kevin Leidwinger as its new president and chief executive officer. An insurance executive with more than 30 years in the industry, Leidwinger will join …
Another blowout jobs number and continued wage growth will likely stiffen resolve at the Federal Reserve for another three-quarter point rate increase at the central bank’s July meeting, as the welcome news of a still strong job market clashes with …
Kevin Robnett of Fort Worth has been appointed to the Texas Mutual Insurance Company board of directors by Gov. Greg Abbott. His board term for Texas Mutual, the state’s leading provider of workers’ compensation insurance, will expire on July 1, …
A woman, stunned and speechless in the chaos of a July 4 parade massacre, walked up to Greg Ring and handed him a 2-year-old boy, covered in blood. Ring had fled the scene in the Chicago suburb of Highland Park …
Hub International Limited acquired the assets of Shaver-Robichaux Agency, Inc. (Shaver-Robichaux). Terms of the transaction were not disclosed. Located in Thibodaux and Raceland, Louisiana, Shaver-Robichaux is an independent agency providing commercial and personal insurance solutions, including home, auto, health, life …
Xcel Energy says 55,000 customers lost service when a long line of severe thunderstorms rolled across South Dakota. By Wednesday morning, 90% of power lost on Tuesday has been restored by more than 600 employees and contractors working in the …
Home services firm Porch Group announced the expansion of its homeowners insurance services, Homeowners of America (HOA), to Delaware, its 19th state. Porch Group is a Seattle-based, technology platform that provides software and services to home services companies including home …
Homes at high risk for flooding in New York City will receive free inflatable dams in a new plan rolled out Thursday by Mayor Eric Adams. The plan aims to prepare city dwellers for extreme rainfall and costs the taxpayers …
AM Best has withdrawn its financial strength rating for Capacity Insurance, a commercial insurer with a small footprint in Florida, and the company has decided to withdraw from the Florida market. “Due to a variety of circumstances, the Florida market …
