Content from Susanne Sclafane
Is It Time to Sell the Building?
Even though representatives of Lloyd's of London prepared the world for the news last year, last month's headlines prompted some stunned reactions. One of those headlines—"Lloyd's Weighs Future of ...
Goodbye Google, Hello Insurance: Problem Solver Works on AI Platform for Claims Adjusters
Tom Vykruta, chief executive officer and co-founder at InsurTech EvolutionIQ, is no stranger to solving hard problems. Problem solver was essentially the job description for the relative newcomer to ...
D&O Loss Ratios Unchanged by Rate Hikes: Supply Disruption to Fuel Suits
Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for, AM Best reported Monday, citing the impact of social ...
Paying More for Experienced Hires? Be Prepared for Pay Equity Challenges
After a year when insurers couldn't hire new staff as quickly as people left their jobs, carriers are paying up to attract experienced talent—and may well need to adjust compensation for remaining ...
Markel Numbers ‘Thick’ on Underwriting, Investments, Ventures
Markel Corporation reported a "record-smashing" $628 million in underwriting profit for 2021, a figure that translated into a combined ratio of just over 90 for the year. Co-Chief Executive Officer ...
Hunter to Retire as CFA Director of Insurance
The man who served as the conscience of the property/casualty insurance industry for nearly three decades is retiring from a long-held post as director of insurance for the Consumer Federation of ...
AM Best Answers Questions as DUAE; MGA Assessments Go Live
It is not a credit rating. It will not impact an insurer's financial strength rating. Those were two of the answers that AM Best analysts delivered yesterday in various presentations about the rating ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...