Yearly Archives: <span>2023</span>

What P/C Insurance Leaders Read; Carrier Management Classics

Ten years ago this week, Wells Media announced the launch of CarrierManagement.com. Mark Wells, executive chair of Wells Media Group, introduced the brand explaining, “There are other publications that target the executive suite of P/C insurance companies, but they talk …

Colorado Among States Looking To Remove Legal Protections for Gun Industry

Mass shootings in America invariably raise questions of fault. The police’s delayed response outside an elementary school in Uvalde, Texas. A district attorney’s failure to prosecute the alleged Club Q shooter a year before five were killed in the LGBTQ …

Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB

“Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according to the newest survey from The Council of Insurance Agents & Brokers. Overall, premiums …

Florida TV News Crews Reeling After Reporter, 2 Others Gunned Down in Orlando

A Florida television station identified Thursday a 24-year-old reporter who was fatally shot while covering a shooting death in an Orlando area neighborhood, as well as its photojournalist who was critically injured in the rampage. Spectrum News 13 reporter Dylan …

Ukraine to Set Up $500M Insurance Fund for Cargo Ships Entering Ports

Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy. Ukraine is a major producer and …

Georgia Lawmakers Pare Back Bill that Would Increase Truck Weight Limits

Georgia lawmakers are watering down a bill to allow heavier trucks on state highways after widespread opposition to the original measure by state and local officials. Rep. Steven Meeks, a Screven Republican, described the changes as “just really paring this …

Fire at Tennessee Uranium Processing Complex Contained

A fire that broke out Wednesday at the Y-12 National Security Complex in a building where uranium is processed has been contained, officials said. The fire at the facility in Oak Ridge, Tennessee, was reported shortly after 9 a.m. in …

Liberty Mutual Tackling U.S. Personal Lines Challenges

The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in 2022. President and Chief Executive Officer Tim Sweeney reported overall …

Shipping Industry Intensifies Calls to Free Seafarers Still Trapped by Russia-Ukraine War

The global shipping industry is stepping up calls for the United Nations and aid groups to help evacuate hundreds of seafarers on more than 60 merchant vessels that are still stuck in Ukrainian ports a year after Russia’s invasion. In …

Consilium Launches Specialty Treaty Reinsurance Division

Consilium, the global speciality re/insurance broking business of the Aventum Group, announced the launch of a new Specialty Treaty Reinsurance division. The new treaty division will complement Consilium’s existing worldwide broking operations including its FAC division launched last month. It …