Zurich Insurance Group has made a significant move in the global travel insurance sector by acquiring American International Group’s (AIG) global personal travel insurance and assistance business, including Travel Guard, for $600 million. This acquisition not only solidifies Zurich's position as
As commercial property and casualty (P/C) insurance stakeholders speculate about future rate stability, the financial repercussions of Hurricane Helene remain a pertinent topic of discussion. Despite the strain inflicted by recent natural disasters, industry experts are forecasting that rates will
In a strategic move that underscores Nationwide's commitment to growth and innovation, Brad Carrier has been appointed as the new leader of Brokerage Annuity Distribution for Nationwide Annuity. Carrier, who has been with the company since 1999, brings with him extensive experience and a proven
The Florida homeowners' insurance market, once beleaguered by insolvencies and escalating legal costs, is showing signs of recovery. This positive shift follows significant legislative reforms implemented two years ago, which have created a more stable environment for insurers. The entry of new
Symetra Life Insurance Co. has revealed possibly compromised customer data due to unusual activities detected on its customer portal over a six-month period. This unsettling discovery highlighted the reality of potential data breaches, prompting Symetra to notify the Massachusetts Attorney
ProAssurance Corporation, a renowned specialist in medical professional liability (MPL), reported a net income of $16.4 million for the third quarter of 2024, bolstered by an operating income of $17.3 million. Their strategic market approach and astute financial management have led to notable
