AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’ March 3, 2025 Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect...
Critical Fire Conditions to Grip Texas’ Oil-Rich Permian Basin March 3, 2025 By Brian K. Sullivan Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains...
People Moves: Novatae Risk Group Names Greggains President March 3, 2025 Novatae Risk Group, headquartered in Dallas, named Nick Greggains as president. Greggains is a member of the executive leadership team...
Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets March 3, 2025 By Manuel Baigorri Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.’s businesses in Thailand and Vietnam in a deal that would help...
Mountain West Conference Seeks Mediation Over $55M in Dispute in Poaching Suit March 3, 2025 By Eddie Pells The Mountain West Conference said it is seeking mediation in the lawsuit the Pac-12 filed against it in an attempt...
Georgia Lawmakers Must Now Fix Differences on Bill to Boost Hurricane Helene Relief March 3, 2025 By Jeff Amy ATLANTA (AP) — Georgia’s state Senate wants to boost spending on Hurricane Helene relief even more, including creating a grant...
Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut March 3, 2025 Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April...
State Farm 2024 Underwriting Losses Shrink on Auto Results March 3, 2025 By Susanne Sclafane After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss...
Consumer Trust Issues Hinder Industry Efforts to Close Protection Gap: Survey March 3, 2025 By Susanne Sclafane Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that...
Price Forbes Re Taps Aon’s Power for Alternative Risk and Capital Solutions; AXA XL Promotes Kilshaw as Head of Broker Mgmt., Alternative Distribution, UK & Lloyd’s March 3, 2025 This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new...