PADIC Elects Basi President The Pacific Association of Domestic Insurance Companies, headquartered in Auburn, California, elected Anisha Basi, general counsel for Pacific Specialty Insurance Co., to serve as PADIC president. Basi’s role at Pacific Specialty has been primarily focused on …
American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but insurance underwriting income was down 29% on high catastrophe losses. AIG said the dramatic increase in income for the quarter …
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes Read More »
California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR Plan reported it has paid more than $914 million to …
Insurance Commissioner OKs FAIR Plan Request for $1B Assessment for LA Wildfires Read More »
Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings more than 100 agents to add to Alera Group’s property/casualty offerings in the Northeast. The independent agency was founded in …
Alera Group Acquires Kaplansky Insurance Agency in Massachusetts Read More »
This post is part of a series sponsored by Old Republic Surety. Many commercial contractors have experienced the stress caused by the surety requiring them to obtain a financial statement prepared by a certified public accountant (CPA). Often this is …
Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part I Read More »
The Michigan Department of Insurance and Financial Services (DIFS) is highlighting in-demand jobs available to Michiganders in the insurance field as part of Insurance Careers Month. More than 73,000 Michiganders work in the insurance industry, according to a study conducted …
Michigan DIFS Advocates for Careers in the Insurance Industry as Part of Careers Month Read More »
Texas oil companies and regulators have waited years for federal permits that would allow those companies to suck carbon dioxide — the largest contributor to climate change — from the atmosphere and inject it underground. After sweeping environmental reviews and …
Delay in Federal Permits Hinders Texas Oil Companies’ Carbon Capture Projects Read More »
CoVerica, headquartered in Dallas, appointed Mark Holland as president and CEO. Holland has over three decades of experience in the insurance and benefits industry. He entered the industry in 1994, focusing on worksite marketing, benefits communication and electronic enrollment. He …
First MainStreet Insurance L.C. has announced addition of four new partner agencies. Borchardt Agency joined the platform on January 1st. Justin Borchardt, a third-generation insurance owner, has partnered with FMSI and TrueNorth to further fuel the impressive growth of his …
First MainStreet Adds 4 Partner Agencies Read More »
This edition of International People Moves details appointments at the broker Marsh and the managing general agency Rokstone. A summary of these new hires follows here. Marsh Names Former AXA XL Exec as UK Chair Marsh, the world’s leading insurance …
