News

A new trade association has been formed to focus specifically on a segment of the property-insurance industry that has seen substantial growth in the last several years: The Council for Insuring Private Clients (CIPC) has its sights on developing best practices for providing insurance solutions to the high-net-worth demographic.

Homesite Group Inc. has selected the Insurer Claims and Insurer Analytics components of The Innovation Groups Innovation Insurer suite to replace the company's claims administration systems. After implementation, the software will provide a business platform that will support Homesites growth in the personal lines property insurance market.

Homesite Group Inc. has selected the Insurer Claims and Insurer Analytics components of The Innovation Groups Innovation Insurer suite to replace the company's claims administration systems. After implementation, the software will provide a business platform that will support Homesites growth in the personal lines property insurance market.

Briarcliff Manor, N.Y.-based insurance broker USI Insurance Services says it will be acquired by Onex Corporation from GS Capital Partners.

Briarcliff Manor, N.Y.-based insurance broker USI Insurance Services says it will be acquired by Onex Corporation from GS Capital Partners.

The airline-insurance market continues a soft-market dip, supported by healthy market capacity and a low level of claims, according to insurance broker Aon.