New England Grocers Coping With Cyber Attack December 2, 2024 The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack...
2024 More of the Same in Commercial Auto Segment After $5B Net Loss in 2023 December 2, 2024 After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best report...
NYC Man Charged With Insurance Fraud in Staged Car Crash Captured by Dashcam December 2, 2024 By Karen Matthews A New York City man has been charged with staging a car accident for insurance fraud purposes in a case...
Industry Trends to Exploit for 2025 – Part One December 2, 2024 By Catherine Oak and Bill Schoeffler Agency owners must observe and learn about significant new trends in the insurance industry. The following are three critical industry...
Federal Judge Strikes Down Biden Overtime Pay Rule December 2, 2024 By Daniel Wiessner A federal judge in Texas permanently blocked a Biden administration rule that would have made about 4 million more salaried...
Safeco to Take Personal Lines Renewal Business of Main Street America December 2, 2024 By Chad Hemenway Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time...
AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual November 18, 2024 AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and...
Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2% November 18, 2024 Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row,...
Global Reinsurers’ ROE Jumps to 22% in 2023 but Market Softening Unlikely: AM Best November 18, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year...
OPTIS: Insurance Agency M&A Down 10% This Year November 18, 2024 By Chad Hemenway The total number of insurance agency mergers and acquisitions as of the end of September was down 10% from the...