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The Standard finalizes Allstate voluntary benefits acquisition
[ad_1] The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. [ad_2] Source link

RSA parent gets boost from personal lines
[ad_1] In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%,…

Landry and Temple trade blows over Louisiana auto insurance woes
[ad_1] “With this reform package, we are directly addressing the cost drivers within our legal system, such as medical billing transparency, comparative fault, and general damages,” Temple said. “These are measures that we know will make a significant difference and begin to lower costs for families and businesses.” [ad_2] Source link

New York bill proposes state-backed home equity insurance
[ad_1] State-issued equity coverage would pay out the difference between a home’s insured value and its eventual sale price — provided the owner has lived in the property for at least three years. Claims would be denied if the equity loss stems from owner neglect of the property’s condition. A newly created…

New York Marine wins court order forcing Millennia Assurance to post $4.75M collateral
[ad_1] New York Marine had asked the Supreme Court, New York County, to compel Millennia to deposit the collateral amount. The motion was initially denied without prejudice, but the Appellate Division, First Department, reversed that ruling. The appellate court found that New York Marine met the legal standard for a preliminary injunction, showing both a…

Insurance moves: Lockton, Protecdiv, NFP and UIBL
[ad_1] They include a new EVP and a new associate director [ad_2] Source link