Markets
Telematics Has Kept the Promise: Allstate’s Journey Continues
Telematics has been on personal insurers' radar for many years, and it has recently reached a tipping point. Nowadays, it is recognized as a necessary capability for the future success of any auto ...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero
Ditching investments in fossil fuel businesses—and denying them insurance—aren't the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, ...
Midyear Update 2022: Transitions
The theme of transitions is a fitting one, which ties together many of the articles in Carrier Management's midyear digital magazine. We're publishing soon after the start of summer, and the weather ...
Carriers Will Be Slow to Raise Limits in ‘Nuanced’ Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs
A growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to ...
Argo Group Appoints Bradley as CEO as Rehnberg Departs
Bermuda-based specialty insurer Argo Group International Holdings has named Thomas A. Bradley as chief executive officer, effective immediately. Bradley has served as Argo's chairman since 2020 and ...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
The hard market for cyber insurance, which is expected to continue for "some time," and a lack of capacity has made captive insurers an "attractive risk management option for corporations," said AM ...
Agent-Focused Home Insurer Openly Closes $75M Funding Round
Boston-based Openly, an InsurTech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly ...