Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies about five years ago, people familiar with the matter said. The insurer is working with financial advisers to seek buyers …
Alphabet Inc.’s Google said on Thursday it would change the way it handles sexual harassment claims, a week after 20,000 of its workers around the world walked off their jobs to protest its response to such issues. Arbitration will become …
Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor in overall property/casualty underwriting results. “It is …
Business is going strong, but fewer U.S. companies are celebrating with holiday parties this year. This may be the result of the #MeToo movement, which has highlighted sexual harassment and assault in the workplace, according to a survey released this …
AmeriTrust Group, Inc.’s retail agency subsidiary Meadowbrook Insurance Agency has acquired Sarasota, Fla.-based Carol P. Rummel Insurance Agency, (dba Signature Insurance Agency), effective Oct. 29th, 2018. As part of the transaction, Carolyn Rummel, who has more than 20 years of …
Utilities are reporting that all power has been restored in the Florida counties devastated by Hurricane Michael. The utility companies and cooperatives reported Tuesday to the Public Service Commission that they had zero outages for the first time since the …
A.M. Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Houston Specialty Insurance Co. (HSIC) and its 100 percent reinsured subsidiary, Oklahoma …
The Independent Insurance Agents of Texas (IIAT) has entered an exclusive partnership with Wingman Insurance for cyber liability coverage. IIAT members can now access the Wingman Cyber online platform to provide cyber liability insurance for their commercial clients. Additionally, IIAT …
The Central Insurance Companies, headquartered in Van Wert, Ohio, has promoted Angie Gibson to vice president of Customer Services. She succeeds Cindy Hurless who has been appointed as Central’s chief operating officer. Gibson graduated from the University of Saint Francis …
Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has hired Kim Shattuck as a producer. Shattuck joins the Maximum team with over three decades of experience in the casualty, property, and contract binding sectors. Her history in the industry …
