Content from Chad Hemenway
AM Best: Current D&O Market Rates Could Prove Inadequate
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating ...
Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh
For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023. According to a new U.S. Cyber Purchasing Trends report from broker Marsh, prices were up ...
AIG Records Strongest Q1 Underwriting Results in General Insurance
American International Group said first-quarter 2023 underwriting income in its general insurance segment was $502 million, "representing the strongest first-quarter ...
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party litigation funding, a major ...
Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable
The Hartford reported first-quarter 2023 net income of $535 million, nearly a 21 percent increase over $443 million a year ago.
In the ...
Catastrophe Losses Hinder Chubb Q1 Net Income
First-quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains in premiums written.
W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market "down the drain." The hurricane research team at Colorado State University in its early forecast of the 2023 Atlantic hurricane season is predicting slightly below-average activity. A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America's nearly $2.5 billion reorganization plan approved last ...
W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’
CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections