Industry News
Terrorist Threat to U.S. Has Reached ‘Whole Other Level,’ FBI’s Wray Warns
Terrorist threats toward the U.S. have reached a "whole other level" from the already heightened situation before the Oct. 7 attack by Hamas on Israel and its response, FBI Director Christopher Wray ...
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Do motorist-assistance systems like GM's OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed ...
California Insurer of Last Resort Is Unprepared for Big Disaster
California's property insurer of last resort told lawmakers that it's financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential ...
State Farm Announces New CEO; Farney Succeeding Tipsord June 1
The State Farm Mutual board of directors has selected President Jon Farney as the company's next Chief Executive Officer. Farney will succeed retiring CEO Michael Tipsord on June 1. Farney joined ...
Chubb’s Greenberg Defends Issuing Appeal Bond to Trump: ‘We Don’t Take Sides’
Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company's involvement in recently providing Donald Trump with a $91.6 million appeal bond, penned a letter to explain. "When ...
The Latest Launches from Sure, Ignite, Sertis
Sure announced the launch of Anywhere Insurance with the aim of increasing efficiency for the insurance industry with incumbent rate service organizations and legacy insurance product filings. ...
Triple-I: Regulatory Restrictions Contribute to Risk Crisis in California
Regulatory restrictions to actuarially sound insurance pricing and underwriting, coupled with the need for more mitigation and resilience efforts in the state of California, are placing financial ...
No Need to Build Capacity in One Room: U.S. E&S Market vs. Lloyd’s
In an article published by Carrier Management, contributing author Greg Gaydos, a business development executive from Zywave, suggested that doing business with Lloyd's is an expensive proposition. ...