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Category: Insurance


Activity, Insurance

USI Completes Acquisition of Wells Fargo Commercial Insurance Business

December 4, 2017

Via: Insurance Journal

USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting, employee benefits and property/casualty insurance national practices of […]


Activity, Insurance

Connecticut Lawmakers Create ‘Insurance Company’ to Help Homeowners

November 7, 2017

Via: Insurance Journal

Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance company. The newly minted state budget includes language establishing […]


Activity, Insurance

Global Insurance Regulators Delay Implementation of International Capital Rule

November 3, 2017

Via: Insurance Journal

Global regulators have given themselves more time to bridge transatlantic differences that have delayed the world’s first capital rule for insurers, raising a cheer in the sector. The International Association of Insurance Supervisors (IAIS) said its members have agreed in […]


Activity, Insurance

Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint

October 31, 2017

Via: Insurance Journal

For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the marketplace, not to protect competitors. Producers need to be able to […]


Activity, Insurance

ProSight Specialty Insurance Reports Excellent Third Quarter 2017 Financial Results

October 25, 2017

Via: PR Newswire

MORRISTOWN, N.J., Oct. 25, 2017 /PRNewswire/ — ProSight Specialty® Insurance, a leading differentiated specialty insurer, today reported financial results for the third quarter ended September 30, 2017. GAAP Year-to-Date Highlights Pre-tax profit for the US-Produced business improved by $30.1 million […]


Activity, Insurance

New York Finalizes Regulations to Crack Down on Title Insurance Industry

October 18, 2017

Via: Insurance Journal

The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the culmination of efforts by DFS to reform […]


Activity, Channels, Insurance

Universal Insurance Holdings Expands to New York with Launch of Universal Direct

October 17, 2017

Via: Insurance Journal

Universal Insurance Holdings Inc. has announced that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has written its first homeowners policy in New York. The company also announced the official launch of Universal Direct, the direct-to-consumer online platform […]


Activity, Insurance

SCC Names White as New Virginia Commissioner of Insurance

September 29, 2017

Via: Insurance Journal

The State Corporation Commission (SCC) in Virginia has appointed Scott A. White to serve as Virginia’s 14th Commissioner of Insurance in the 111-year history of the SCC’s regulation of the insurance industry. White assumes the post on Jan. 1, 2018, […]


Activity, Insurance

Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Declined in Recent Years

September 28, 2017

Via: Insurance Journal

In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils, according to a study of home insurance trends. The six-year LexisNexis Risk Solutions study indicates that despite the rise of […]


Activity, Insurance

Hardened Market, Higher Insurance Pricing Expected as a Result of Recent Hurricanes: KPMG Survey

September 14, 2017

Via: PR Newswire

NEW YORK, Sept. 14, 2017 /PRNewswire/ — A KPMG survey of more than 300 senior insurance executives found that 44 percent of respondents expect the property market to harden in the short-term, with reduced supply and higher premiums, as a […]