Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing general agencies and program administrators. Bill It Now offers payment plan management and policy premium issuance, as well as multi-channel payment …
Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by estimated losses of $71 million related to various natural catastrophe events and the continued impact of the COVID-19 pandemic. The …
PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the utility’s program of trimming trees and vegetation that pose a threat of igniting devastating blazes in California. Among the court-appointed compliance monitor’s …
AM Best said its estimates of $100 billion in asbestos losses and $46 billion in environmental losses for the U.S. property/casualty industry remain unchanged as of year-end 2019. In a report, AM Best notes that A&E loss reserves have declined …
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Golden Bear Insurance Co. in Stockton, Calif. The outlook of these ratings has been revised …
The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary. HDI Assicurazioni, a subsidiary of HDI International AG, Talanx Group’s Retail International Division, is buying …
A new federal water permit for a New Hampshire fish hatchery that has been accused of polluting local waterways could cut the amount of phosphorous the hatchery can discharge in half. The permit for the Powder Mill Fish Hatchery, in …
Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the assets of the Auburn Insurance Agency Inc., a full-service, family-owned insurance agency based in Natick, Mass. Founded in 1982 by President Janice Ryan, Auburn Insurance specializes …
Dick Insurance Agency, along with sister company Merrimack Financial Services, both of Tewksbury, Mass., have announced four new hires. Matthew Keefe joins Dick Insurance Agency and Merrimack Financial Services as a licensed account executive and debt management consultant. Prior to …
Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co. would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals. At the same time, …
