Insurance News

Insurance News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA that includes commercial insurance brokerage and consulting, employee benefits and property/casualty national practices, along …
  2. Specialty insurer Hiscox has a new chief operating officer for its Hiscox USA business unit.  Josh Nevin brings more than a decade of experience in operations and business development to his new role. Nevin will be based in Atlanta and …
  3. Basic rules of the road are needed before lawmakers allow companies from Apple Inc. to Ford Motor Co. to dramatically expand testing of self-driving cars, safety and consumer advocates will tell lawmakers today. Automakers should be required to certify the …
  4. Chubb has appointed Leigh Anne Sherman to lead its Private/Not-For-Profit Management Liability business within the North America Financial Lines division. Sherman will have overall responsibility for leading the unit’s retail business, which focuses on providing directors and officers liability, fiduciary liability, employment …
  5. The U.S. property/casualty insurance industry saw its net income fall to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016, a 42.2 percent decline. Also, its overall profitability as measured by its annualized rate of return on average …

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