According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years.
For the last quarter of 2024, the composite rate...
On December 13, the North Carolina Supreme Court gave policyholders a partial victory in long-running litigation over business interruption coverage for shutdowns during the COVID-19 pandemic. In North State Deli v. Cincinnati Insurance Co., the court unanimously agreed with the plaintiff restaurants and bars...
State Insurance USA will begin operations Jan. 6 at its new office at 400 Fifth Ave. S., Suite 101, in downtown Naples. The company offers insurance products, including personal insurance (home, auto, flood, boat) and business insurance (general liability, workers’ compensation). In addition...
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White Plains-based Marsh McLennan Agency (MMA), has acquired Melville-based Acumen Solutions Group.
Terms of the transaction were not disclosed. All Acumen employees, including President Tony D’Elia, will join MMA, and continue to operate in Melville.
A business of Marsh, MMA is...
Kristen Peed, head of corporate risk at Sequoia Benefits and Insurance Services LLC and a captive insurance industry leader, assumed the presidency of the Risk & Insurance Management Society Inc., effective Jan. 1.
She succeeded David Arick, managing director, global risk management, at Sedgwick...
