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Category: Insurance


Activity, Insurance

Tennessee Captive Insurance Companies Exceed $1 Billion in Premiums

January 19, 2018

Via: Insurance Journal

The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition to setting a new benchmark in premiums, the […]


Activity, Insurance

GE Still Grappling with Legacy Insurance Business

January 16, 2018

Via: Insurance Journal

General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the […]


Activity, Insurance

What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry

December 22, 2017

Via: Insurance Journal

Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C corporations will […]


Activity, Insurance

Farmers Reports $1.2B in Claims from Northern California Wildfires

December 15, 2017

Via: Insurance Journal

Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 million, and […]


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 […]