Auto Policyholders’ Claims Satisfaction Wanes: J.D. Power October 27, 2022 By Chad Hemenway Well documented are the pains insurers are facing while trying to keep up with rising claims frequency and severity in...
Global Insurance Rates Continue Rising at Slower Levels; Cyber Outpaces Other Lines October 27, 2022 Global insurance pricing continued to rise, although at a slower pace, during the third quarter, which saw commercial insurance premiums...
Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios October 27, 2022 By Jim Sams US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters October 27, 2022 By William Rabb The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that,...
People Moves: Hazelton to Head Chubb N.A. Industry Practices; Bentele President of Nexus Specialty Casualty October 26, 2022 Chubb Appoints Bill Hazelton Head of North America Industry Practices Chubb named Bill Hazelton executive vice president, head of North...
Viewpoint: Ranking Hurricane Ian Among the 10 Worst Natural Disasters in U.S. History October 26, 2022 By Gary L. Wickert We are in the early stages of sifting through the debris of Hurricane Ian and calculating the financial and human...
DOJ Antitrust Losses in Court Are Seen as Setback for Biden’s Merger Crackdown October 26, 2022 By Leah Nylen In the span of just a month, federal judges rejected the US Justice Department’s attempts to block three mergers in...
Unilever Adds to Growing List of U.S. Products Recalled Due to Benzene October 26, 2022 By Chad Hemenway Unilever issued a voluntary recall of dry shampoo aerosol produced before October 2021 and sold nationwide because they may contain...
Kia Recalling 71,000 Older U.S. Sportage Vehicle for Fire Risks October 26, 2022 By David Shepardson Kia will recall 71,000 2008-2009 model year Sportage vehicles in the United States previously recalled in 2016 for fire risks...
Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15% October 26, 2022 In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of...