Industry News
Triple-I: California Insurers Still Impacted by 2017-2018 Wildfires
Paying out more than twice as much in claims and expenses as collected in premiums in both 2017 and 2018, California homeowners insurers are still feeling the impact in 2023, according to the ...
Breaking: California to Offer Insurers More Leeway to Set Rates for Fire Risk
California's insurance commissioner announced a new regulatory plan on Thursday that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in ...
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 ...
