Content from Chad Hemenway
Winter Storm Fern to Cost $4B to $6.7B in Insured Losses: KCC, Verisk
January's Winter Storm Fern caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950, according to catastrophe modeler KCC. The tally includes privately insured ...
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called "bump-up" exclusion in denying coverage for a settlement in a securities lawsuit. ...
The Hartford Q4 Net Income Up 33% Led by Business Insurance
Net income at The Hartford increased 33% to about $1.1 billion in fourth-quarter 2025. Property/casualty written premiums increased 5% compared to Q4 2024, led by growth of 7% in the business ...
House Committee Advances Bill to Extend Federal Terrorism Backstop
Looking to ensure the longevity of a worthwhile federal program, the insurance industry has continued to lobby in favor of the TRIA Program Reauthorization Act of 2026. The legislation (HR ...
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO
The nation's insurance commissioners and industry trade associations are looking to support efforts to put the Federal Insurance Office (FIO) back on the chopping block. Late last week, Rep. Troy ...
Thumbs Down on SELF DRIVE Act as Written, Says Industry Trades
Federal lawmakers have begun to discuss numerous pieces of legislation focusing on the evolving automobile industry, with legislation addressing consumer data rights, parts and repair, pedestrian ...
Sexual Assault Charges Dropped Against Former AIG Exec McElroy
Authorities in Vermont have dropped sexual assault charges against David McElroy, a former executive at American International Group (AIG). According to a document filed in Vermont Superior Court in ...
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching
Alliant Insurance Services is the latest to join a group of brokers suing new competitor Howden US over what it calls Howden's "smash-and-grab" strategy to take teams from other brokers. The suit ...