W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio due to higher catastrophe loss expenses. At the same time, insurance premiums and investment income grew. The Connecticut-based insurer and reinsurer booked more than …
A lawsuit filed on behalf of bail customers claims surety companies and agents in California conspire to keep premiums high. The Los Angeles Times reported public-interest groups filed the suit this week in Alameda County against more than 20 companies …
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting through to some …
A federal judge who has emerged as a vocal critic of PG&E Corp.’s safety record, said the California utility giant has a “clear-cut pattern” of starting wildfires and needs “strong medicine” put in place before this year’s season begins. U.S. …
Marsh & McLennan Cos.’ $5.6 billion acquisition of Jardine Lloyd Thompson Group is on track to close this spring. MMC CEO Dan Glaser, who described the deal as one of “strength on strength,” told analysts today that the transaction is …
Workers’ compensation specialist The MEMIC Group has promoted Dustin Greco to business segment leader to support the company’s continued growth of the small business market in the Northeast. Greco’s territory covers New York, Vermont, New Hampshire, Massachusetts, Connecticut and Rhode …
Optisure Risk Partners, a national insurance and risk management firm headquartered in Manchester, N.H., has hired Jackie Roy as an account executive in the business insurance division, providing professional and commercial insurance and risk management programs. [inline-ad-1]During the past 30 …
Initial insured property losses for December’s hailstorms in Sydney are estimated at A$635 million (US$457.5 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The hailstorms affected the greater Sydney region on Dec. 20, 2018, …
Pennsylvania’s State Workers Insurance Fund (SWIF), the largest writer of workers’ comp insurance in Pennsylvania, has filed a plan to retroactively correct charges to employers for their workers’ compensation policies written between April 1, 2018, and December 31, 2018. The …
Brooks Insurance Agency, a Manalapan, N.J.-based multi-line wholesaler, has hired Michael McCluskey as senior vice president and broker. McCluskey specializes in placing professional liability insurance for the financial services sector, including investment banks, M&A firms, security dealers, investment funds and …
