AI ‘Trustworthiness’ Is Focal Point of New Government Inquiry April 11, 2023 By Emily Birnbaum A US Commerce Department agency is opening an inquiry into how companies and regulators can ensure that artificial intelligence systems...
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure April 11, 2023 By Joel Rosenblatt and Robert Burnson KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America...
People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer April 11, 2023 By Jahna Jacobson Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess...
States Consider Ban on Cosmetics With ‘Forever Chemicals’ April 11, 2023 By Lisa Rathke A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of...
J&J Talc Unit 2nd Bankruptcy Must Be Dismissed, Cancer Victims’ Lawyers Say April 11, 2023 By Dietrich Knauth and Mike Spector Johnson & Johnson’s renewed effort to resolve talc lawsuits through an $8.9 billion bankruptcy settlement must be dismissed as a...
Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout April 10, 2023 In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first...
Markets/Coverages: Canopius U.S., MGA Falvey Partner to Offer Inland Marine Coverage April 10, 2023 Canopius Group, a global specialty re/insurer, announced a new partnership with managing general agent Falvey Insurance Group (FIG) to offer...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best April 10, 2023 Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes,...
Viewpoint: Optimizing Agency Relationships; A Data-Driven Approach to Premium Growth April 10, 2023 By Amborish Baruah, Deepti Kalra and Rahul Nawab Reported demise of the independent insurance agency as a sales and distribution channel have been greatly exaggerated. Over the course...
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible? April 10, 2023 By David Blades Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry...