Vantage Group Chairman and Former Arch CEO Iordanou Dies
Constantine "Dinos" Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd., has died.
The Latest Launches from CFC, Ascend, VIU
CFC, a specialist insurance provider, launched an update to its cyber risk heat map to include more detail on the key exposures for a range of industry sectors from construction and education to ...
Employee Who Was Trapped in Elevator Denied Workers Comp Benefits
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers compensation benefits. The employee did not suffer any physical injury while she was ...
Low Software-Generated Replacement Costs Fuel Suit Against Farmers
Alameda County District Attorney Pamela Price's Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they're operating a ...
Mubadala Proposal to Sell InsurTech Startup Wefox Opposed by Founders
Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm's founders. The Abu Dhabi ...
Report: Corporate Risk Level Highest in 12 Years
Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co's 2024 Corporate Risk Radar. ...
WTW: U,S. Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
Broker WTW said commercial lines insurance increased overall by an average of 6.3 percent during the first quarter. Quarterly price increases have been about 6 percent since the global pandemic, WTW ...
R&Q: Financial Instability Could Lead to Liquidation
R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the "company's stability as a business" and ultimately lead to liquidation. In a June 13 ...
Analysis: U.S. P/C Industry’s $21.1B Underwriting Losses for 2023
The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and ...
Most U.S. Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
More than 60 percent of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed ...