PROPERTY AND CASUALTY INSURERS
May 30, 2023 03:36 PM (EDT)
State Farm General Insurance Co.’s decision to halt writing new property coverage in California due to the threat of wildfires was driven at least in part by the state’s “outdated” insurance regulations.
May 31, 2023 09:01 AM (EDT)
AM Best is maintaining its outlook on Italy’s non-life insurance segment at negative, according to a new Best’s Market Segment Report, “Market Segment Outlook: Italy Non-Life Insurance.”
May 30, 2023 11:13 AM (EDT)
Lloyd’s, Tokio Marine Holdings Inc., Mapfre and QBE Insurance Group Ltd. are the latest high-profile departure from the United Nations-sponsored Net-Zero Insurance Alliance amid pressure from U.S. officials regarding legal issues.
MERGERS AND ACQUISITIONS
May 30, 2023 11:06 AM (EDT)
Talanx Group will acquire select Latin American businesses of Liberty Mutual Insurance Inc. in Brazil, Chile, Colombia and Ecuador for about €1.38 billion ($1.48 billion).
PROPERTY AND CASUALTY INSURANCE
May 30, 2023 04:08 PM (EDT)
Florida insurance regulators have approved lines of credit totaling $1.25 billion to help pay storm-related claims for Citizens Property Insurance Corp. policyholders.
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