Baltimore Bridge Collapse “While the total cost of the bridge collapse and associated claims will not be clear for some time, it is likely to run into the billions of dollars.” – Said Matilde Jakobsen, senior director, analytics, AM Best, …
“We Don’t Take Sides” “As a surety, we don’t take sides, it would be wrong for us to do so, and we are in no way supporting the defendant.” – Said Chubb CEO Evan Greenberg in a letter acknowledging his …
‘Foundational Change’ Required “Boeing must commit to real and profound improvements. … Making foundational change will require a sustained effort from Boeing’s leadership, and we are going to hold them accountable every step of the way, with mutually understood milestones …
Identified Threat Actors “Independent of whether there’s any violation of the law or any violation of terms of service, we just don’t want those actors that we’ve identified – that we track and know are threat actors of various kinds …
Personal E&S “I wish we could serve this customer base on an admitted basis to give them what they need and what they want to buy.” — Remarked Chubb CEO Evan G. Greenberg, referring to the insurer’s increase in North …
Natural Catastrophe Challenges “We continue to witness an increase in the severity and high-impact frequency of natural catastrophe events. These effects bring multifaceted and complex challenges to the re/insurance industry, as the importance of blending today’s view of risk with …
Auto Severity “Workplace patterns have changed post-pandemic with work-from-home arrangements, reducing the number of vehicles on the road. However, driver inattentiveness and riskier driving habits have become more problematic in the last few years, and as a result, auto severity …
AI and Insurance Jobs “Although the overall impact of generative AI on employment remains uncertain, it will likely change the way society works, as current employees learn to leverage the power of this developing technology.” — AM Best said in …
Ransomware Payments “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow.” — Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, told reporters after 40 countries in …
Underinsured Cannabis “What I am seeing is that there are insureds that are underinsured. … So, there’s still a lot of insurance to be sold.” — Curtis Prince, CEO and founder of Flux Insurance Services, said during Insurance Journal’s Insuring …
