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CompSource Mutual pursues holding company plan
[ad_1] CompSource Mutual, based in Oklahoma City with additional operations in Tulsa, has provided workers’ compensation coverage to businesses across the state for more than 85 years. Established in Oklahoma’s capital, the company has adapted alongside the state’s changing economic landscape while maintaining a focus on serving local employers and their employees. [ad_2] Source link
Contractors are bleeding and insurance won’t save them, warns industry professional
[ad_1] Forget the 80s hard market or the 2008 crash. Today’s insurance landscape is rewriting the rules and not in contractors’ favor [ad_2] Source link
Lemonade attributes data breach to technical issue in auto insurance quote system
[ad_1] While Lemonade continues to expand its auto insurance business, it has also reported significant growth in its marketing investments. In the fourth quarter of 2024, the company’s sales and marketing expenses climbed to $36 million, up from $13.4 million in the same period the previous year. “Alongside this acceleration, we remained laser focused on…
MetLife Q1 net income rises on strong investment and underwriting gains
[ad_1] Premiums, fees, and other revenues increased 14% to $13.6 billion, reflecting higher underwriting margins, growth in volume, and stronger variable investment income. These gains were partly offset by unfavorable foreign currency movements and lower recurring interest margins. [ad_2] Source link
Hub International acquires Demarie Insurance
[ad_1] Hub’s M&A strategy The acquisition is part of Hub International’s ongoing mergers and acquisition strategy, which plays a central role in its growth model. Hub has remained active in acquiring firms across North America, focusing on those that enhance its service capabilities, extend its geographic reach, or offer specialized expertise. The firm continues to…
Rising number of uninsured drivers increases auto insurance costs, report warns
[ad_1] Mercury Insurance, headquartered in Los Angeles, offers personal auto, homeowners, and renters insurance in several states through independent agents. The firm outlined several ways uninsured drivers impact insurance rates. When more drivers are uninsured, insurance companies face increased risk because they must cover more accident-related costs. As a result, insurers raise rates for all…