Boca Raton, FL – NCCI recently released its Quarterly Economics Briefing report for the fourth quarter of 2022, which addresses the critical issues impacting the US labor market and the impact of immigration on the reduced labor force. Insurance executives identified the economy and the shifting workforce/workplace as some of the top concerns for the… [Read more]
Industry News
Pie Insurance Becomes Rated, Full-Stack Carrier, Earns “A-” Ratings from AM Best
Denver, CO – Pie Insurance recently announced that Pie Insurance Group has secured a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) from AM Best, a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. “Receiving A- Excellent credit ratings from AM… [Read more]
AF Group Announces Executive Leadership Promotions
Lansing, MI – AF Group recently announced the promotions of several key executives following the completion of its acquisition of AmeriTrust Group, which reflects its success as a growing, innovative and diversified leader in specialty insurance. “This is an incredibly exciting time for our organization and these changes illustrate the tremendous strength of our leadership… [Read more]
The Hanover Reports Fourth Quarter 2022 and Full Year Results
Worcester, MA – The Hanover Insurance Group, Inc. (NYSE: THG) recently reported a net loss of $11.6 million, or $0.33 per basic share**, in the fourth quarter of 2022, compared to net income of $163.5 million, or $4.53 per diluted share, in the prior-year quarter. Operating loss(4) was $37.4 million, or $1.05 per basic share,… [Read more]
Insurium & Spear Technologies Announce Merger
Denver, CO – Insurium™ (CHSI Technologies Corp) and Spear Technologies recently announced that the organizations will be merging. Insurium and Spear Technologies will operate as a single company offering a full suite of integrated insurance technology solutions designed specifically for Property & Casualty insurance organizations. Together the companies combine their deep insurance expertise, technology, and… [Read more]
AANP Issues Statement on Legislation to Improve Health Care for Injured Federal Workers
Austin, TX – The American Association of Nurse Practitioners® (AANP) recently applauded the introduction of S. 131 and H.R. 618, the Improving Access to Workers’ Compensation for Injured Federal Workers Act, in both the U.S. Senate and House of Representatives by Sens. Brown (D-OH) and Collins (R-ME) and Reps. Walberg (R-MI) and Courtney (D-CT). Today,… [Read more]
The Hanover Appoints Kate B. Williams to President of E&S
Worcester, MA – The Hanover Insurance Group, Inc. (NYSE: THG) recently announced it has appointed Kate B. Williams to president of excess and surplus (E&S). In this role, Williams will oversee the company’s full range of E&S solutions for the property and casualty needs of small to mid-size customers. Williams brings a wealth of underwriting,… [Read more]
AM Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Co and Affiliates
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Berkshire Hathaway Homestate Insurance Company (Omaha, NE) and its five property/casualty affiliates. These companies collectively are referred to as Berkshire Hathaway Homestate Companies (BHHC). The outlook of these… [Read more]
Paradigm Announces Acquisition of Welvie
Walnut Creek, CA – Paradigm recently announced its acquisition of health care decision-support company Welvie. The Paradigm-Welvie partnership will combine the unique assets and capabilities of the two organizations to enhance each other’s current products and services, while enabling development of new solutions to improve outcomes for patients, families, and customers. Both organizations have proven… [Read more]
CA AG Bonta Joins Coalition Filing Amicus Brief Against Attempt to Undermine OSHA
Oakland, CA – California Attorney General Rob Bonta recently announced he had joined a coalition of 19 attorneys general in an amicus brief pushing back on a cynical attempt to drastically undermine the U.S. Occupational Safety and Health Administration’s (OSHA) ability to establish and enforce federal workplace safety protections. While amici states play a significant… [Read more]