Content from Chad Hemenway
Risks Now in E&S Market May Be There to Stay: AM Best
In 2023 the U.S. surplus lines market for the first time surpassed the $100 billion mark in direct premiums written, and some of the risk that has found non-admitted insurers might stay there beyond ...
Industry Critiques Trump’s Promise to Cut Auto Insurance Rates
A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance industry. "Your Automobile Insurance is up 73% — VOTE FOR ...
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. ...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share
For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15 percent last year to increase ...
Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B
Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company's 120-year history. Sentry ...
In Latest Salvo AIG Says Its Former Execs at Dellwood Are ‘Bad Leavers’
In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to explain why the suit cannot go on. AIG argued in ...
Main Street America Insurance Exits Personal Lines
Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Fla.-based insurer founded about 100 years ago in ...
Q2 Commercial Insurance Prices Show Clear Evidence of Softening: CIAB
Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according ...