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Insurer Downgrades Jumped in 2017 But Were Still Outnumbered by Upgrades: A.M. Best
Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that overall ratings activity in …

POSTED AUGUST 17, 2018 5:00 AM
Why Not Just Retrain Pedestrians to Make Self-Driving Vehicles Safer?
You’re crossing the street wrong. That is essentially the argument some self-driving car boosters have fallen back on in the months after the first pedestrian death attributed to an autonomous vehicle and amid growing concerns that artificial intelligence capable of …

POSTED AUGUST 17, 2018 5:00 AM
States with Best, Worst Home Flood Damage Disclosure Laws
In 21 states, home sellers are not required by law to disclose to buyers whether their home has ever flooded or whether they will be required to purchase flood insurance, according to an analysis by the Natural Resources Defense Council …

POSTED AUGUST 16, 2018 6:49 PM
Apparent Natural Gas Explosion in Denver Injures 9
Nine people were injured, one critically, by an apparent natural gas explosion in Denver on Aug. 14, firefighters said. Capt. Greg Pixley, a spokesman for the Denver Fire Department, said seven bystanders were treated for minor injuries and released after …

POSTED AUGUST 16, 2018 6:23 PM
Experts: Cost of Hail Damage Will Continue to Rise
Hailstorms inflict billions of dollars in damage yearly in North America alone, and the cost will rise as the growing population builds more homes, offices and factories, according to climate and weather experts who spoke at a conference in Colorado …

POSTED AUGUST 16, 2018 6:18 PM

IBR - Commercial lines News

Core Assurance Partners buys E.L. Creech & Co
Core Assurance Partners has acquired E. L. Creech & Co., a fourth-generation, family-owned property and casualty company based in Virginia Beach, where it will maintain its offices.

POSTED JULY 19, 2018 11:00 PM
Guy Carpenter, Numerati Partners join hands to launch InsurTech Alliance
Risk and reinsurance company Guy Carpenter has partnered with Numerati Partners to launch InsurTech Alliance.

POSTED JULY 18, 2018 11:00 PM
New P&C insurance solution provider OneWorld Instech established
Dovetail Insurance Services former CEO and president Stephen Francis has established a new P&C insurance solutions provider, OneWorld Instech.

POSTED JULY 17, 2018 11:00 PM
OneDigital acquires Beneflex Insurance Services
OneDigital Health and Benefits has acquired Beneflex Insurance Services, an independently owned & operated employee benefits agency, continuing its expansion in Southern California.

POSTED JULY 16, 2018 10:36 AM
AssuredPartners acquires Safeguard Insurance
Insurance brokerage firm AssuredPartners has acquired Safeguard Insurance, located in Las Vegas, Nevada.

POSTED JULY 13, 2018 1:35 PM

IBR - Personal Lines News

Integrity Marketing Group acquires National Independent Brokers
Integrity Marketing Group (Integrity) has completed the acquisition of National Independent Brokers, a Minnesota based insurance agency focused on Medicare Advantage and Medicare Supplement products.

POSTED JULY 18, 2018 11:00 PM
Markel appoints Robert Cox as president and COO of insurance operations
Markel has announced an enhanced leadership structure designed to accelerate growth, build on its financial strength, and deliver value to its customers.

POSTED JULY 11, 2018 11:00 PM
Marsh & McLennan Agency buys Klein Agency
Marsh middle market agency subsidiary Marsh & McLennan Agency (MMA) has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specializing in the construction industry.

POSTED JULY 03, 2018 11:00 PM
Zurich to extend flood resilience alliance until 2023
Zurich Insurance Group (Zurich) is extending its flood resilience alliance (the alliance) until 2023 and is planning to increase investments up to $1bn.

POSTED JULY 03, 2018 11:00 PM
Genworth and Oceanwide extend merger deal
Genworth Financial and China Oceanwide Holdings Group (Oceanwide) have agreed to a fifth waiver and agreement to terminate the previously announced merger agreement. 

POSTED JUNE 28, 2018 11:00 PM

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