InsureTech Connect Delays Virtual Conference Until October for Networking Signups September 18, 2020 By Mark Hollmer Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect,...
NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best September 18, 2020 Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires...
Beazley Restructures U.S. Executive Risk Leadership Team September 18, 2020 Beazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and...
Some Reinsurers Will Try Pandemic Exclusions for Casualty at Jan. 1 Renewals September 18, 2020 By Susanne Sclafane Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions...
Number of Landfalls of Big U.S. Storms Could Break 1916 Record September 18, 2020 By Will Wade Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S....
Businesses Urge U.S. Insurers to Stop Insuring, Investing in Fossil Fuel Producers September 18, 2020 By Noor Zainab Hussain A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO September 17, 2020 State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It...
NBIS Adds SCOR Companies as Market for Specialized Transport, Heavy Haul Industry September 17, 2020 NBIS, a provider of specialty construction insurance and risk management will now offer coverage for the specialized transportation/heavy haul industry...
Orloff to Replace Kelly as Head of Liberty Mutual Field Operations for Commercial Lines September 17, 2020 Liberty Mutual announced that Marc Orloff has been named president, North American Field Operations, Global Risk Solutions (GRS) North America....
Ryan Specialty Group Names Cortezi, Nichols to Lead RSG Underwriting Managers September 17, 2020 Ryan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers. Nick Cortezi has been...