10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023 January 18, 2024 By Chad Hemenway According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a...
Fishing Fee Case May Lead Supreme Court to Limit US Agency Powers January 18, 2024 By Greg Stohr and Jennifer A. Dlouhy The US Supreme Court questioned a longstanding legal doctrine that gives federal agencies wide berth to interpret unclear laws as...
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re January 18, 2024 Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123...
People Moves: Zimmer to Take Alliant CEO Reins From Corbett; WTW Names Forms Client Growth Team; Xceedance Hires Flynn for Personal Lines January 18, 2024 Alliant Insurance Services named Greg Zimmer chief executive officer, taking over for Tom Corbett, who has served as CEO for...
Viewpoint: The Time to Modernize Building Codes, Protect Communities Is Now January 18, 2024 By Mark Berven As we’ve seen for the past several years, severe weather is no longer a seasonal or geographic issue—climate risk has...
Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey January 18, 2024 By Elizabeth Blosfield Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to...
Freelancers File First Lawsuit Challenging Independent Contractor Rule January 17, 2024 By Daniel Wiessner A group of freelance writers and editors has sued the U.S. Department of Labor, claiming the Biden administration’s new rule...
Bill Introduced to Keep CFPB Out of State Insurance Regulation January 17, 2024 By Chad Hemenway New bi-partisan legislation meant to keep the regulation of insurance companies with state regulators was introduced in the Senate on...
People Moves: Guy Carpenter Names Wolfe Chief Commercial Officer, N. A.; Verisk Forms Claims Advisory Board; Chamberlain to Lead DUAL Specialty Healthcare January 17, 2024 Guy Carpenter appointed Keith Wolfe to the newly created role of chief commercial officer, North America, effective immediately. Wolfe joins...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz January 17, 2024 Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024,...