U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021 March 7, 2022 By Chad Hemenway Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in...
Texas Supreme Court Allows For Exception to 8-Corners Rule March 7, 2022 By Jim Sams For more than 50 years, insurers have known that their duty to defend a Texas policyholder from a lawsuit must...
California Couple Sentenced in $1M Workers’ Comp Fraud Case March 7, 2022 Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to...
Lawsuit: Faulty Equipment Killed California Firefighters March 7, 2022 The families of two California firefighters killed in a 2020 blaze are suing several makers of life-saving equipment for negligence,...
Washington Roofing Manufacturer Fined $100K in Worker Death March 7, 2022 The failure to follow lockout/tagout procedures was directly connected to the death of a worker in Sumas, Washington, when an...
AIG to Move High Net Worth Homeowners to E&S March 7, 2022 By Chad Hemenway Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re March 7, 2022 By Chad Hemenway Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make...
Emerging Trends In Litigation Risk Insurance March 7, 2022 By Matthew Grosack, Alex Gonzalez, Robert Hill and Leonie Huang Litigation risk insurance refers to a relatively new set of insurance offerings that allow businesses to better manage the legal...
5 Ways to Attract Talent the Insurance Industry Needs March 7, 2022 By Soni Basi When I joined AIG — and the insurance world — in 2020 as global head of talent, the industry had...
How Data-Rich Telematics Is Accelerating the Future of Auto Insurance March 7, 2022 By Henry Kowal Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential. Fortunately, the...