The North American COO assumes worldwide responsibilities. Gallagher Re, a global reinsurance broker, has promoted Mark Hansen to chief operating officer. Hansen, who will be […]
Category: Insurance
NCOIL Announces New Officers, Emphasizing Majority Diversity in Leadership
From 25 different states, 347 people attended the annual national gathering. At its 2023 Annual National Meeting in Columbus, Ohio, the National Council of Insurance […]
HCI Group’s Subsidiary Takes On 53,000+ Policies from Citizens
The CEO declared that policyholders were given renewal at a “competitively priced” rate. HCI Group, based in Florida, has taken over around 53,000 policies from […]
W.R. Berkley Appoints New President to Lead Technology Underwriting Division
His experience in the P&C industry spans nearly two decades. Berkley Technology Underwriters is a division of W. R. Berkley, and the company recently announced […]
Insurance premium rates have remained stable despite experiencing 24 consecutive quarters of increases.
What drove the variations in growth rates across market sub-segments? According to Marsh’s most recent Global Insurance Market Index, commercial insurance premiums around the world […]
USAA and Truist Bank Put an End to Patent Dispute with Agreement
This lawsuit concerns the company’s innovative remote deposit technology from the early 2000s. A lawsuit USAA launched against Truist Bank over the latter’s unauthorised use […]
North Carolina Homeowners Affected as Nationwide Opts Against Policy Renewals
The effects of hurricanes continue to be felt in coastal areas. Due to worries about hurricane risks, Nationwide has decided not to renew 10,525 homeowner’s […]
Employee Lawsuit Challenges Insurer’s COVID Vaccine Mandate
According to the group, they had to lay off more than 40 employees. Employees of BlueCross BlueShield of Tennessee (BCBST) have filed a federal class […]
Study Finds Proposed Reforms Could Raise Insurance Expenses for Michigan Residents
An economic consequence of “bad faith” legislation is highlighted, according to the coalition. According to a new research from the American Property Casualty Insurance Association […]
10-Year Projections: How Much Could the Insurance Broking Industry Be Worth?
Large growth are anticipated in the Asia-Pacific area. Allied Market Research projects that the worldwide broking sector would grow to $628.3 billion by 2023, with […]