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Dale Krupowicz was also named head of operations for the segment. -
The insurer booked a $950mn policyholder credit expense in September.
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The decision impacts 5% of the reinsurer’s North America P&C facultative premiums.
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The motion claims the New York court has no jurisdiction in the case.
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State Farm is under investigation as its premiums have been rising “drastically".
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Joseph Lacher will step down as president and CEO and resign from the board.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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Though wildfire losses are up, total losses are the lowest since 2015.
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A US district judge ruled a delay could put human life and property at risk.
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The federal panel hasn’t finalized a timeline for formulating the new rules.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Shared and layered accounts are seen as reaping the biggest benefits.
