Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch September 25, 2019 After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and...
AmTrust E&S Insurance Services Taps Lynn to Lead New Excess Casualty Division September 24, 2019 AmTrust E&S Insurance Services is expanding its offerings with the launch of an excess casualty underwriting division. To lead the...
Travelers Gives Agents Aerial Property Damage Viewer to Expedite Disaster Claims September 24, 2019 Property/casualty insurer Travelers is now providing its insurance agents and brokers with before-and-after photos of areas affected by disasters. The...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts September 24, 2019 By Andrea Wells Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that...
Boeing 737 Fund Will Pay Crash Victims’ Families $145K Each September 24, 2019 By David Shepardson Boeing Co. will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a...
Rethinking the Limits of Parametric Insurance September 24, 2019 By Michael W. Elliott It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically...
How Medical Community Can Overcome Error of Its Ways in Opioids and Vaping: Opinion September 24, 2019 By Faye Flam When the medical community makes mistakes, it’s like shooting down a few hundred airplanes every year. That’s a dramatic metaphor...
Insurers Join Call for Climate Action at U.N. Summit September 23, 2019 By Matthew Green Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the...
CAC Specialty Names Former Aon, JLT Specialty Executive Rice as CEO September 23, 2019 Newly-launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice...
Airlift from Drugstore to Doorstep: Walgreens, Google’s Wing Testing Drone Deliveries September 23, 2019 By Tom Murphy Walgreens and a Google affiliate are testing drone deliveries that can put drugstore products on customer doorsteps minutes after being...