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Geico signs multi-year lease in Tampa
The insurer, part of Berkshire Hathaway Insurance Group, currently employs nearly 3,800 workers across Florida, primarily in Jacksonville and Lakeland. Geico said the expansion is part of its ongoing commitment to modernize operations and grow its business. Source link
Insurance M&A activity slows as economic uncertainty shapes deal trends – OPTIS
Active acquisition drivers Among the most active buyers over the past four quarters, BroadStreet Partners led with 81 transactions, exceeding its five-year average of 58. Hub International followed with 61 deals, slightly below its five-year average of 65, while Inszone Insurance Services recorded 44 deals, above its average of 32. Source link
Hiscox maintains wildfire reserve levels while Retail and Re & ILS advance
Hiscox London Market reported ICWP of $329.7 million, a 4.0% increase from $316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
Lincoln narrows life insurance losses amid better mortality trends
Lower expenses and improved risk experience lift segment Source link
What is Commercial Umbrella Insurance?
With the rising costs of lawsuits, medical expenses, and settlements, your standard commercial liability coverage limits may fall short if you need it. That’s where commercial umbrella insurance plays a critical role, providing added protection when you need it most. Read the article below as Thomas McMillan, commercial underwriting specialist at Central Insurance, delves into…
State Farm in court after insurance agent puts wrong information on certificate
It’s insurance policy v insurance certificate when contractor has serious accident Source link