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Archive for the Insurance Industry News1 Category

Commercial insurance buyers brace for market ‘correction’ in 2018

Commercial insurance buyers brace for market ‘correction’ in 2018

Commercial insurance buyers are likely to face rate increases for 2018 insurance programs as the industry continues to tally losses following one of the most active and financially disruptive hurricane seasons in history, according to Willis Towers Watson’s 2018 Marketplace Realities report. The report from the global […]

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House GOP moves ahead on flood insurance reform

House GOP moves ahead on flood insurance reform

Posted: November 7, 2017 A years-long effort to shore up the finances of the federal government’s flood insurance program is nearing a vote in the House. House Majority Whip Steve Scalise, R-La. and Rep. Jeb Hensarling, R-Dallas, the powerful chairman of the House Financial Services Committee, are pushing […]

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GOP tax plan has pros, cons for healthcare firms

GOP tax plan has pros, cons for healthcare firms

Healthcare companies, executives and professionals could enjoy lower business and personal taxes while facing reduced revenue due to Medicare and Medicaid cuts that may be used to pay for the tax reductions, under the House Republican tax reform bill released Thursday. The 429-page Tax Cuts and Jobs […]

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Penn Mutual launches new survivor indexed universal life product

Penn Mutual launches new survivor indexed universal life product

PRESS RELEASE: The following content has been reprinted in whole or part from a company-supplied press release, issued statement, or other reports or sources. Penn Mutual, the Horsham, Pa.-based life insurer, introduced its latest indexed universal life (IUL) product, Survivorship Plus Select Indexed Universal Life. This new, […]

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Manhattan insurance agency acquired by Prime Risk

Manhattan insurance agency acquired by Prime Risk

Prime Risk Partners has acquired Manhattan-based insurance broker Gunn, Steers & Company, which will continue to operate under its name and at its location, and utilize the resources of Cook Maran & Associates, a Prime Risk unit with offices in New York and New Jersey. Terms were […]

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With new Calif. gender choice law, auto insurers unsure how to proceed

With new Calif. gender choice law, auto insurers unsure how to proceed

Posted: November 2, 2017 As people are given more freedom to choose their gender identity in California, it remains to be seen how auto insurance companies could charge groups of people. Large auto insurance companies in the state and policy experts say it’s unclear how rates could be […]

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Insured losses in California fires top $3.3 billion – and rising

Insured losses in California fires top $3.3 billion – and rising

Recent California wildfires have caused more than $3.3 billion in insured losses, based on claims reported by 15 insurers, and the figure will likely rise, according to the California Department of Insurance. The $3.3 billion total is more than triple a $1.05 billion preliminary insured loss estimate […]

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AssuredPartners acquires New Jersey MGA

AssuredPartners acquires New Jersey MGA

Posted: November 1, 2017 NEWS SOURCE: The following content has been reprinted in whole or part from a company-supplied press release, issued statement, or other reports or sources. AssuredPartners has acquired Synergy Professional Associates, a managing general agency and wholesale intermediary specializing in professional liability and program development. […]

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Maryland hospitals rank near bottom for safety: Report

Maryland hospitals rank near bottom for safety: Report

Posted: October 31, 2017 Maryland hospitals rank near the bottom nationwide when it comes to avoiding medical errors, accidents, injuries and infections, according to a new assessment by the Leapfrog Group. The assessment generally drew a reserved response from area hospital administrators, who say safety is a top […]

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Recent mergers, acquisitions: Brown & Brown, Hub, Gallagher, AssuredPartners

Recent mergers, acquisitions: Brown & Brown, Hub, Gallagher, AssuredPartners

Recent merger and acquisition news, including deals involving Brown & Brown, Hub, Gallagher, AssuredPartners, TCU Insurance Agency and others. News comes from company press releases and statements: Aviation Insurance Broker Joins Assuredpartners AssuredPartners Announces Acquisition of Hope Aviation Insurance LAKE MARY, FL — AssuredPartners, Inc. is pleased […]

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