News

Hamilton, Bermuda-based insurer Ariel Reinsurance Co. says it expects first-quarter catastrophe events will cost the company between $35 million and $50 million, but it expects to report positive net income for the period.

Insurance technology company Applied Systems has acquired Artizan Internet Services, expanding capabilities around agency and broker management systems while meeting the demand for online communication between agents and insurance consumers.

Two federal prosecutors are investigating possible workers' compensation abuses at Illinois government agencies after disclosures of millions of dollars in payouts and questionable practices by arbitrators.

MarketStance, a resource for demographic data and analytical services for the U.S. insurance industry, and GeoLogix Solutions, a market data and analysis firm specializing in insurance industry solutions, announced the merger of the two companies.

Liberty Insurance Company Limited, a Liberty Mutual Group subsidiary, received approval from China’s regulator to establish a branch in Guandong province.

New York has officially adopted its $132.5 billion budget, which gives the rubber stamp on a proposal to merge the state’s banking and insurance departments.