Industry News
Latest Industry Employment Report Forecasts Modest Job Growth
The latest iteration of the Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group and Aon, a global professional services firm, found that 86 percent of respondents intend to ...
Top 5 Technology Predicaments Facing Insurance Leaders
As insurers look for ways to navigate evolving risks, some have pinned their hopes on generative AI (GenAI) as a quick fix. But allegations of faulty algorithms rendering unfair denials have fueled ...
Converge Insurance CEO Talks Focus, Innovation and Perseverance
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of ...
USAA President, CEO Peacock Retiring in 2025
USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter ...
AM Best: Modest Growth in ILS Capacity, While Cat Bonds Break Record
Insurance-linked securities (ILS) capacity levels continues to grow at a modest pace, aligning with market demand, according to a newly released AM Best report. Meanwhile, AM Best estimates the ...
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts ...
Bad Cops No More: Friendlier Auto Insurers Needed for Telematics Future
Radical changes in marketing and product design of auto insurance policies will help unlock customer benefits of sharing driving data, a well-known insurance telematics evangelist advised during a ...
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report
Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims activity from the accumulation of medium-sized disaster losses and ...