Markets
Allstate Announces Executive Leadership Changes
Allstate announced that Glenn Shapiro, president, Property-Liability, has decided to retire effective Sept. 30. He joined Allstate as chief claims officer in 2016 and has held his current position ...
Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage
Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG's National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha ...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Munich Re for the second-straight year holds the top spot in AM Best's annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers ...
Q2 Commercial P/C Premiums Up 6.1%: CIAB
The second quarter of 2022 marked a full five years of premium increases across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and ...
Viewpoint: More Sweeping Cellphone Laws Reduce Crash Rates
It's common knowledge that texting while driving is illegal in most places. But what about tapping the screen of your cellphone to accept a faster route suggested by Google Maps? What if your phone ...
NAIC Passes Pet Insurance Model Act
The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. "This model law ...
S.C. Joins 3 Other State Supreme Courts, Rules No Coverage for COVID-19 Shutdown
The South Carolina Supreme Court on Wednesday became the fourth state high court in the nation to rule that the virus that causes COVID-19 cannot cause a direct physical damage or loss covered by a ...
Have Insurers Paid Too Much for Asbestos and Other Toxic Torts?
Have insurers and defendants been overpaying for asbestos liability claims? Are there other ongoing toxic torts where that might be true today? The questions arise as a result of a revolution that's ...