Industry News
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, ...
Minivans Disappoint When it Comes to Rear Seat Safety
Of four popular minivan models tested in the Insurance Institute for Highway Safety (IIHS) updated moderate overlap front crash test, not one earned an acceptable or good rating. The Chrysler ...
U.S. Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Home insurance costs that have soared in much of the U.S. may get even higher.
Tens of millions of properties around the country are ...
CAS Announces Cummings as President-Elect
The Casualty Actuarial Society (CAS) has announced the results of its elections, with David Cummings, FCAS, being named president-elect for 2023-2024. He will begin his ...
Wood Named CEO of QBE’s North America Division
QBE Insurance Group has confirmed the appointment of Julie Wood as chief executive officer of the company's North America division.
Wood ...
Executives on the Move at CSAA, Zurich NA, Kemper, Colonial Surety, MS Amlin
CSAA Insurance Group, a AAA insurer, announced that Todd Pugh has been promoted to executive vice president and chief information officer, overseeing all aspects of the ...
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn't coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said ...
Satisfaction Stable In Challenged Homeowners Market; Erie Ranks Highest: J.D. Power
As U.S. homeowners and renters are seeing rising premiums or policy cancellations due to a combination of natural catastrophes and regulatory pressure, the J.D. Power 2023 U.S. Home Insurance Study ...