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    WALMART QUIETLY ENTERS INTO HEALTH INSURANCE BUSINESS

    Jul 09, 2020

    In a surprise move, retail corporation Walmart has entered the health insurance market and has even begun hiring licensed insurance agents for its new business.The company announced in a virtual conference that it would start selling health insurance plans with the creation of “Walmart Insuran...

    INSURANCEBUSINESSMAG
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    LIBERTY COMPANY INSURANCE BROKERS ASSOCIATES WITH THE BROWNING AGENCY

    Jul 08, 2020

    Liberty Company Insurance Brokers (LCIB) has formed a partnership with The Browning Agency in Ponte Vedra, FL. The Browning Agency, established in 1989, is a full-service brokerage and consulting firm specializing in high net worth personal lines. The brokerage also has an exclusive program with the...

    INSURANCEBUSINESSMAG
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    9.6% PERMANENT RATE DECREASE IN AUTO INSURANCE POLICIES FOR ALL STATE FARM INSURANCE POLICYHOLDERS

    Jul 07, 2020

    The Louisiana Insurance Commission has approved a 9.6% permanent rate decrease in auto insurance policies for all State Farm Insurance policyholders in the state, commissioner Jim Donelon announced on Monday. This marks the fourth occasion State Farm has reduced rates in recent times. In 2018, the i...

    INSURANCEBUSINESSMAG
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    /news-article.aspx?ID=26382638

    AXA XL COMPLETES AN ALTERNATIVE CAPITAL REINSURANCE TRANSACTION WITH TEXAS MGA BLUEFIRE

    Jul 07, 2020

    Bluefire Insurance, a Texas-based managing general agency, and Bermuda-based AXA XL Reinsurance, have announced the completion of an alternative capital reinsurance transaction in which Bluefire will assume risk from its personal auto portfolio through a collateralized reinsurance agreement with AXA...

    INSURANCEBUSINESSMAG
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    LA CAPITALE AND SSQ INSURANCE MERGER OF EQUALS IS NOW OFFICIAL

    Jul 06, 2020

    La Capitale and SSQ Insurance have jointly announced that their merger is now official creating Canada’s largest mutual insurance company with more than 3.5 million members and clients. Mutual members of the respective companies gave their approval for the deal in March. And last month, the me...

    INSURANCEBUSINESSMAG
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    AGCS EMBARKS ON GLOBAL TRANSFORMATION PROGRAM TO REGAIN PROFITABILITY AND MARKET LEADERSHIP

    Jul 02, 2020

    Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, has announced a comprehensive transformation program, “New AGCS”. The program aims to regain profitability and market leadership in the corporate and specialty insurance segment. The company has mad...

    INSURANCEBUSINESSMAG
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    NORTH CAROLINA-BASED BB&T REBRANDS AS TRUIST INSURANCE HOLDINGS

    Jun 30, 2020

    BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, is officially now doing business as Truist Insurance Holdings, Inc.With $30 billion in premium in 2019, Truist Insurance Holdings is the fifth-largest insurance broker in the U.S. and sixth-largest in the world, according to a statement...

    INSURANCEJOURNAL
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    AIG TO TRANSITION UPPER-MIDDLE-MARKET CLIENTS TO OTHER INSURERS

    Jun 30, 2020

    American International Group has announced that it has entered into an agreement with Safeco Insurance, a Liberty Mutual company, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transition their upper-middle-market personal insurance business to ...

    INSURANCEBUSINESSMAG
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    /news-article.aspx?ID=26352635

    FCA BUSINESS INTERRUPTION TEST CASE: A PEEK INTO INSURERS' DEFENCES

    Jun 25, 2020

    All of the defendants in the Financial Conduct Authority’s (FCA) High Court business interruption test case have served their defences, and Insurance Business brings you some of the key points from the documents.“The true position is that a number of separate, individual actions were tak...

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    INSURER LEMONADE SEEKS TO RAISE $286 MILLION IN IPO

    Jun 25, 2020

    Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after COVID-19 put many debuts on hold.Lemonade’s public listing comes amid a strong...

    INSURANCEJOURNAL
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    OREGON EXTENDS EMERGENCY ORDERS FOR MOST COMMON INSURANCE POLICIES

    Jun 23, 2020

    The Oregon Department of Consumer and Business Services’ Division of Financial Regulation extended its emergency orders for property/casualty, long-term care, and life and disability insurance. The orders mean that the most common insurance policies, such as auto, home, term and whole life, an...

    INSURANCEJOURNAL
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    ACCENTURE AND SOPRA STERIA TO HELP FRENCH INSURANCE GROUP COVÉA TRANSFORM ITS FINANCE FUNCTION

    Jun 22, 2020

    Accenture (NYSE: ACN) and Sopra Steria are helping Covéa, France's largest property and casualty insurer, with its finance transformation program as part of a four-year joint agreement.The program aims to modernize and simplify the insurance group’s finance function across its three...

    BUSINESSWIRE
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TRENDING NEWS


SPOTLIGHT

The Council of Insurance Agents & Brokers (The Council) is pleased to release its fourth biannual Cyber Insurance Market Watch Survey. The survey, which consisted of 16 questions designed to provide insights into the burgeoning cyber insurance market, creates a snapshot of the market allowing us

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