Industry News
Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company
A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett's conglomerate. ...
Reinsurers in Growth Mode Brought Capacity, Flexibility to 1/1 Renewals
Reinsurance buyers generally found ample capacity during the January renewals, reinsurance brokers Aon, Gallagher Re and Howden confirmed in their renewal reports. Increased reinsurer appetites meant ...
Every insurance claim tells a story, but rarely in a single document. Instead, that narrative unfolds across adjuster notes, medical...
Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe
Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have ...
Embracing Cloud, SaaS: A Strategic Move for Insurers
As widespread digitization continues to mold the bedrock of the insurance industry, insurers are increasingly adopting cloud computing and Software as a Service (SaaS) technologies with the promise ...
The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee
The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a ...
Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3 percent to 7.2 percent. Guy Carpenter ...
Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing
Moody's Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a ...
Fairfax Insurance Group Names Young as President, Barnard as Chair
Fairfax Financial Holdings Limited announced that Brian Young has been named president of Fairfax Insurance Group, succeeding Andrew Barnard. Barnard, who has been president since 2011, has become ...