Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses. AIG said that its General Insurance unit (property/casualty) generated $249 million in underwriting losses for …
Hudson Insurance Group has made two appointments in its commercial auto business. Chris Homewood has been named senior vice president and head of Hudson’s commercial auto unit, while Ron Honken has been appointed senior vice president, director of marketing and …
A federal lawsuit has accused top Delaware insurance department officials of workplace sexual and racial harassment. The Delaware News Journal reports an insurance department employee announced the suit Wednesday accusing Commissioner Trinidad Navarro of inappropriately touching her cornrows and making …
Several rural volunteer fire departments in north-central Idaho are in danger of losing much of their equipment after officials learned it was uninsured. The Lewiston Tribune reported Idaho County officials previously believed the fire trucks and other equipment loaned to …
Washington Insurance Commissioner Mike Kreidler took disciplinary action in July, August and September against insurance companies, agents and brokers for violating state insurance regulations. A summary of cases of interest to Washington consumers is below. Insurance companies Dental Health Services, …
Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its latest funding round. Quantemplate said it plans to use the funding for three main areas, sales and marketing, and platform …
Calabasas, Calif.-based Topa Insurance Co. has named Ben Rozema director of programs. Rozema Responsible for the P&L of all program business as well as the relationships with all program partners and direct oversight of enterprise risk management. Rozema joined Topa …
Massachusetts-based online personal insurance marketplace EverQuote has launched a commercial lines marketplace in a new partnership with the technology platform provider Bold Penguin. EverQuote said it will use Bold Penguin’s terminal and exchange infrastructure to accelerate its path to market …
Facebook Inc. was sued on Thursday in a proposed class action accusing it of discriminating against older and female users by withholding advertising for financial services such as bank accounts, insurance, investments and loans. According to the complaint filed in …
Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents. The team will write excess casualty insurance for large corporations across a …
