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Truist Insurance Holdings, Inc. | February 09, 2022

Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation and the sixth-largest insurance brokerage in the U.S., announced today that it has signed a definitive agreement to acquire Kensington Vanguard National Land Services, one of the country's largest independent full-service national title insurance agencies. The transaction significantly expands Truist Insurance Holdings' presence in the title insurance market. Truist's existing title operation...

insurance business america | April 02, 2020

As the COVID-19 outbreak forces more businesses to convert to a work-from-home model, many organizations find themselves in increased danger from hackers and cyber scammers. Grant Hester, a 25-year technology veteran and president of insurance IT firm Linchpin-IT, said that companies need to exercise extra caution to avoid cyber threats during the outbreak. “It is important during these times to stay vigilant of potential threats to personal data and business networks,” Hester said. ...

Insurance Business America | April 02, 2020

A new release from financial analysis firm Demotech has revealed that in addition to the business interruption insurance segment, there is another sector facing immense stress caused by the COVID-19 pandemic – credit insurance. According to the release, there were 102 insurers as of December 31, 2019 that reported direct premium written for credit insurance. Direct premium written for credit insurance for those insurers was $2.2 billion at year-end 2019. Of the 102 credit insurers, the top...

FCCI Insurance Group | June 20, 2020

P&C insurer FCCI Insurance Group is expanding its commercial insurance business into the state of Pennsylvania, where it will begin writing insurance starting September 01, 2020. Prior to expanding its commercial insurance business in the state, FCCI had been providing Pennsylvania with commercial and contract surety since 2015. The business expansion brings the total number of states in which FCCI operates to 20, as well as the District of Columbia. FCCI began accepting new business submiss...