Personal Lines

Marc Orloff will take over from Shaun Kelly, who has left the company.

On Monday, the BLS released August CPI data which included -1.5% personal auto premium inflation. The figure is up from -1.9% in July, and a historic low in May of -14.3%.

Hudson Structured Capital Management is among potential investors in the exchange.

The broker has acquired the insurance agency Charles R Butler, as it continues to roll-up newly independent former captive agencies.

Ricardo Lara’s office says it has received “numerous complaints” from policyholders about additional living expense payments being terminated.

The insurer said that pay-per-mile coverage is growing in popularity as customers’ driving patterns change as a result of the pandemic.

The acquisitions will grow the Chicago-based broker’s personal insurance solution segment.

Every month we measure observable changes in auto accidents by compiling data from real-time state traffic accident databases.

Axis Capital and Argo Group shares jumped nearly 5%, while shares in Arch, Travelers and Alleghany were all up more than 3%.

Massachusetts-based Surround will provide a variety of coverages in one combined policy with a flat price.

The carrier expects to retain about $346mn, net of reinsurance reimbursements.

The reciprocal exchange is reinsured by the French carrier Scor and follows a $24mn capital raise.