Industry News
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 limit, a survey by ...
SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against ...
Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience
Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening resilience of supply chains and the ...
Hiscox Appoints New U.S. CEO as Kerridge Steps Down
Specialty insurer Hiscox has appointed Mary Boyd as chief executive officer of its USA business unit. She joins the specialty insurer on June 24, replacing Kevin Kerridge, who is stepping down after ...
Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says
A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters' license, the Texas Supreme Court decided in a ...