Markets
Cigar Butts and Toxic Sludge: The Rebirth of a P/C Insurer
It's hard to imagine an executive describing his company and its peers in the industry as "cigar butt companies where the butt had been dropped in toxic nuclear sludge, [and] rolled in asbestos…" ...
How Decentralization Works at C&F
Crum & Forster CEO Marc Adee remembers what it was like in years past when he was leading divisions of a company then operating under a centralized model that forced him to fight for corporate ...
Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers
Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers, but underwriting discipline continues, according to renewal reports from three ...
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say
President Donald Trump's Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and ...
Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks
In the long conflict between insurance carriers and public claims adjusters, Florida's Citizens Property Insurance Corp. has unexpectedly altered the rules of engagement in a way that could have a ...
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company ...
Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses
Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The ...
Viewpoint: When the Cloud Sneezes, the Digital Ecosystem Catches a Cold
Google had a pretty bad day recently. The kind of day that would make Spotify stop singing, Discord and Snapchat go quiet, and give retailer Marks & Spencer a panic attack. Why? Because too many ...