Underwriting No Longer Sole Path to Profit, Say Berkley Execs September 9, 2022 While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry’s more...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken September 9, 2022 By Chad Hemenway AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance...
Risk Placement Services President Cavaness Receives City of Hope’s Spirit of Life Award September 9, 2022 Risk Placement Services, the E&S wholesale broker and managing general agency, is pleased to announce its President Joel Cavaness has...
Workers’ Comp Insurance Industry Backs CompScience Technology in $6M Seed Round September 9, 2022 By Jahna Jacobson CompScience has found a way to reduce workers compensation risk and cost using artificial intelligence. Not just by the numbers,...
Toyota Reaches Potential $150M Settlement Over Fuel Pump Recalls September 9, 2022 By Jonathan Stempel Toyota Motor Corp. reached a settlement potentially worth $150 million to resolve U.S. class-action litigation tied to recalls of about...
NYT Piece Calls out ‘Summer of Climate Disasters’ September 8, 2022 By Don Jergler Insurance professionals in the alternative energies sector may want to take note of a recent Bloomberg opinion piece that focuses...
Lexington Starts Middle Market Casualty Group for SMEs September 8, 2022 AIG’s Lexington Insurance Company today announced the launch of the Lexington Middle Market Casualty team, a group of dedicated underwriters...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate September 8, 2022 Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International...
People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re September 8, 2022 Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice...
Viewpoint: Designing Insurance Pricing Variables…What’s Your Company’s Strategy? September 8, 2022 By Klayton Southwood Many of today’s insurance professionals lack the time, resources, data, and technology to create analytical tools within their organization that...