GM Financial earlier this week said it is rebranding its OnStar Insurance to General Motors Insurance, with plans for market expansion. During 2023, the GM Insurance unit shifted from an agency model to a full-stack carrier, GM Financial said. The …

St. Petersburg-based American Coastal Insurance Corp. has named two to high-level positions in the company. Svetlana Castle is the new chief financial officer, starting Jan. 22, the company said in a press release. Castle, who holds a law degree and …

Tennessee health officials have confirmed at least 14 weather-related deaths from the icy storm that has gripped much of the country. Memphis-Shelby County Schools, the state’s largest public school system with about 100,000 students, canceled Thursday classes. The Tennessee Valley …

The Pennsylvania-based Keystone Agency Partners (KAP) insurance brokerage platform reported that it has secured an additional $330 million of financing. Apogem Capital led the financing which was significantly over-subscribed and jointly arranged by Crescent Capital, both existing lenders to KAP. …

Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last year to $1.6 billion on lower catastrophe losses and a return to profitable results in the personal insurance segment. The …

Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings—among them a $199 million non-catastrophe reserve charge. The carrier said the figure representing unfavorable prior year reserve reestimates, excluding catastrophes, included roughly $148 million related to personal auto …

This edition of International People Moves details appointments at Liberty Specialty Markets and HDI Global. A summary of these new hires follows here. Liberty Specialty Markets Names Bolaños as CUO, Moreno as President US, LatAm Liberty Specialty Markets (LSM), part …

Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance brokers in their renewal reports. “Some reinsurers adopted a tougher stance ahead of the January 2024 …

DES MOINES, Iowa (AP) — Iowa on Wednesday became the latest state to sue TikTok over claims that the social media company deceives consumers over the amount of “inappropriate content” that children can access via the platform. TikTok claims an …

European boutique managing general agent (MGA), Alta Signa Europe B.V., announced the launch of a new European marine underwriting business. The new unit will focus on core marine lines of business, backed by Alta Signa’s panel of insurance partners: Axeria …

Ukraine is working “intensively” with partners to restore air travel suspended for nearly two years, with the main focus on Boryspil International Airport outside the capital Kyiv, a presidential official said on Thursday. Ukraine’s airspace was abruptly closed by Russia’s …

The owner of a Michigan insurance agency has been charged with embezzling money from employees by misappropriating payroll deductions, announced Attorney General Dana Nessel. Nancy Caviston, 76, of Superior Charter Township, was arraigned Thursday on charges of embezzlement and wage …

TOPEKA, Kan. (AP) — The Kansas court system needs at least $2.6 million in additional funds to recover from an October cyberattack that prevented the electronic filing of documents and blocked online access to records for weeks, the state’s top …

A Spanish court has ruled a former Facebook moderator’s mental health was damaged by his work reviewing graphic content such as beheadings, in a case that could have implications for how social media firms work with moderators. The Barcelona court, …

Zurich North America names Chai Chief Risk Officer Zurich North America appointed Ann Chai as chief risk officer. She is based in Zurich North America’s Schaumburg, Ill., headquarters. Chai, who previously served as head of finance for U.S. Middle Market …

The Greenland ice sheet, an expanse of frozen water about three times the size of Texas, is disappearing much faster than previously thought, according to new research, and the difference may already be affecting the distribution of heat around the …

Carbon dioxide emissions are on track for one of the biggest increases on record this year, pushing the planet closer to catastrophic climate change. That jump is the result human-induced pollution, plus the El Niño weather pattern, which weakens the …

Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who recently joined Chicago-based HUB as executive vice president, will serve as North American property practice leader and will lead the …

Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects both 2024 …

Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians, surgeons, hospitals, locum tenens firms, nurse staffing firms and …