Industry News
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims ...
Aon-NFP Deal Clears Antitrust Hurdle
Aon's proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition is still subject to other regulatory and closing conditions, it ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Survey: Trust in E-Commerce Platforms Growing While Companies Lag
Consumers shopping on e-commerce platforms trust them more than the companies selling their goods through those digital channels, according to a new survey by Chubb. This trust gap is most evident ...
‘Blockbuster’ Hurricane Season Possible: AccuWeather
With more than three months to go before its official start, AccuWeather meteorologists warn that a "blockbuster" hurricane season is possible, paying particular attention to late season storms. Two ...
Allstate Reports $276M in January Cat Losses, Updates Rate Increases
Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Ill.-based insurer reached its $150 million threshold to report catastrophe losses following ...
The Latest Launches from HUB International, Verisk, Xceedance
HUB International, a global insurance brokerage and financial services firm, announced the launch of the HUB High Net Worth Excess Wildfire Program to address the need for enhanced wildfire coverage ...
Prudential Reports Unauthorized Access to Its Computer Systems
Prudential Financial has disclosed a hacker gained unauthorized access to its systems earlier this month. In a Feb. 13 filing with the U.S. Securities and Exchange Commission, Prudential said that on ...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion, according to data from 15 state surplus lines offices released by the Wholesale & ...