AM Best: Social Inflation Key Factor in Rise of Loss Severity May 13, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
4 Killed in Yet Another Wrong-Way Highway Crash in Connecticut May 13, 2024 A driver going the wrong way on Connecticut’s Merritt Parkway crashed head-on into a minivan early Thursday, killing all four...
It’s a Matter of When, Not if, a Hurricane Will Hit Florida, Forecasters Say May 13, 2024 By Michael Schneider SANFORD, Fla. (AP) — With the start of hurricane season less than a month away, U.S. officials who predict, prepare...
Two Tornadoes Down Trees on Homes, Kill One Person in Tallahassee May 13, 2024 Two confirmed tornadoes and storms packing hurricane-force winds killed at least one woman Friday in Florida as a week of...
Insurer Bowhead Specialty Seeks About $491M Valuation in IPO May 13, 2024 Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States,...
Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers May 13, 2024 By Nidhi Verma and Jonathan Saul India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions,...
Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp May 13, 2024 Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure...
People Moves: Tokio Marine HCC Expands Product Recall Offering With 2 Hires From AXA XL; London P&I Club’s CEO Gooch to Step Down, Succeeded by Bean May 13, 2024 This edition of International People Moves details appointments at Tokio Marine HCC – Specialty Group and The London P&I Club....
Russia Court Suspends Corporate Rights of Alfa Bank Entities, Including Insurance Arm May 13, 2024 A Russian court on Monday suspended the corporate rights of the Cyprus-registered holding companies of private lender Alfa Bank and...
PoloWorks Launches Managing General Agent Incubator May 13, 2024 PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent...