News

The Independent Insurance Agents & Brokers of New York reports it will file its appeal of a court decision upholding Regulation 194 in the next several weeks.

The property-insurance reform bill recently passed in Florida will help improve insurers’ bottom lines, but large homeowners insurers are unlikely to expand their presence in the state due to continued competition from the insurer of last resort, according to Moody’s.

Willis Group Holdings says Brendan McManus will become CEO of its UK broking company, Willis Limited.

Willis Group Holdings says Brendan McManus will become CEO of its UK broking company, Willis Limited.

Allstate’s recent $1 billion acquisition of Esurance is credit-positive for Allstate and gives the insurer a platform to compete in the rapidly growing direct auto-insurance channel, according to Moody’s Investors Service.

Given that consumers have become intensively interconnected through social networking, insurers must become acutely aware of how the experience of one customer can be amplified—and can seriously impact the company’s image among a wider base of potential and existing customers, according to two PricewaterhouseCoopers experts.