To meet the rapidly growing demand for cyber insurance in the US and Canada, XL Group’s Global Professional unit has established a North America Cyber & Technology Risk business unit. The company previously provided cyber and technology errors and omissions …
ING Group NV says it has set a pricing range for the sale of its European insurance arm that indicates the business is worth roughly 7 billion euros ($9.5 billion). ING is separating its banking and insurance units as part …
Donan, a forensic investigation firm, has expanded its service offerings to include severe weather data analytics with DamageRecon – a web-based product that enables users to understand what really happened on the ground during a hail event as well as …
Heritage Insurance Holdings announced that it reached an agreement to offer coverage for the policies of Sunshine State Property & Casualty Insurance Company, pending court approval. If approved by the court, the policies will be offered coverage by Heritage’s wholly-owned …
Aon Plc, the second-biggest insurance broker by market value, said a U.S. unit agreed to buy National Flood Services from StoneRiver Group LP. The deal will add to the company’s ability to assess flood risk for clients, according to a …
Insurance and financial service giant USAA has broken ground on a 420,000 square-foot Tampa, Fla., headquarters that officials say will bring 1,200 new jobs to the area. The new building is scheduled for completion in 2015. Construction began Tuesday. The …
Patriot Underwriters, Inc. (PUI), a workers’ compensation insurance provider headquartered in Fort Lauderdale, Fla., announced their partnership with Scottsdale Insurance Company. Scottsdale is owned by Nationwide Mutual Insurance Co. Under its agreement with Scottsdale, Patriot will serve as a program …
Conn.-based Xerox announced a definitive agreement to acquire ISG Holdings, Inc. for $225 million, creating a comprehensive workers’ compensation suite of offerings for clients in the property/casualty insurance industry. In addition to Xerox’s current workers’ compensation business offered through CompIQ, …
Geico plans to hire 350 additional workers at its regional office in Stafford County, Va., by the end of the year. The Free Lance-Star reports that Geico officials announced the expansion Wednesday during a celebration of the insurance company’s 20th …
Clearwater, Fla.-based Heritage Insurance Holdings, Inc. launched its new insurance program for commercial residential properties in Florida. The new line will be written by Heritage’s wholly-owned subsidiary, Heritage Property & Casualty Insurance Company. The Commercial Division is led by Randy …