China’s financial opening up and rapidly growing consumer market benefit the country and provide better asset allocation opportunities for global capital, Li Yunze, the head of China’s financial regulator, said in Shanghai on Wednesday. Total assets under foreign banks and …
China’s Financial Opening Up Offers Opportunities for Global Capital, Regulator Says Read More »
The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas emissions than Japan. The sector is responsible for 3% of all emissions globally, …
Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure Read More »
U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows. LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, …
US Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows Read More »
Three years after it purchased BenefitMall, Alabama-based CRC Group is rebranding its employee benefits division as CRC Benefits, the company announced this week. The change marks a significant step in aligning the division with CRC Group’s broader go-to-market strategy and …
Alabama-based CRC Group Rebrands BenefitMall as CRC Benefits Read More »
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Ratings to “bb-” (Fair) from “bbb” (Good) of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in …
AM Best Downgrades Credit Ratings of Oregon Mutual Group Members Read More »
Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage. That statement would appear to contradict claims in two …
Erie Insurance: ‘No Evidence’ of Ransomware in Network Outage Read More »
California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola Cobarrubias, CEO …
People Moves: California Commissioner Names Insurance Diversity Task Force Leadership Read More »
The U.S. Department of Labor (DOL) has reached an agreement with an Idaho grocery store requiring the employer to pay $250,833 in civil money penalties and $5,078 in back wages and damages—and take steps to ensure future compliance with federal …
Idaho Grocer to Pay $250K for Child Labor and Wage Violations Read More »
The pathway to M&A activity/liquidity in the insurance brokerage industry traditionally has followed a common pattern: small to mid-sized brokers were either traded between financial sponsors or bolted onto a larger strategic partner with minimal friction. While these approaches have …
Viewpoint: Navigating Strategic Capital Options for Insurance Brokerages Read More »
Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a network outage that has affected operations since June 9. “Employees across the country are beginning to regain access to key …
Philadelphia Insurance Restores Limited Access But Major Outage Continues Read More »
