Yields on the policy-sensitive two-year Treasury surged after the release, trading more than 18 basis points higher at 3.89%. “For markets, this is pushing back on overly aggressive expectations of rate cuts by the...
Article 0 Comments California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake...
Article 0 Comments Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest...
Article 0 Comments AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term...
Austin, TX (Oct. 1, 2024) – Plnar, the leading smartphone imagery solution for claims and underwriting, is excited to announce the launch of its latest innovation: SmartPix Exterior. This groundbreaking technology expands Plnar’s patented...
Toronto, ON (Oct. 3, 2024) – CSIO commends Travelers Canada on achieving CSIO’s eDocs Certification, confirming that they have deployed the updated eDocs codes and descriptions into production for personal and commercial lines. Travelers...
Whitby, ON (Oct. 2, 2024) – Quotey is thrilled to announce the integration of Coalition’s Active Cyber Insurance product into its commercial and specialty insurer marketplace. Effective immediately, Canadian insurance brokers leveraging the Quotey...
For the 2025 filing season, Direct File will support 1099s for interest income greater than $1,500, retirement income and the 1099 for Alaska residents reporting the Alaska Permanent Fund dividend, the IRS said. State and Eligibility Expansion...
Fidelity Investments is looking to convert two of its municipal-bond mutual funds into exchange-traded funds, a move that underscores the popularity of the $10 trillion U.S. arena. The two funds impacted are the $170...
Insurance Bureau of Canada calls on governments to collaborate on reducing disaster risk Toronto, ON (Oct. 1, 2024) – Four catastrophic weather events this summer caused a combined total of over $7 billion in...
