Industry News
Trueman Joins CFC as CUO After Recent Management Shakeup
CFC, the specialist managing general agent, announced that Dan Trueman has joined the business as chief underwriting officer (CUO). After the company's recent management shakeup, the current CUO, ...
Extreme Weather and Misinformation Top Global Risks: World Economic Forum
Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of years, a World Economic Forum (WEF) survey released on Wednesday said. While ...
When Higher Pricing <> Underwriting Profit or Double-Digit Returns
In spite of premium increases that primary insurance carriers will record for 2023, the U.S. property/casualty industry as a whole won't report an underwriting profit or a double-digit return for the ...
Climate Change, Nuclear Verdicts Worry Wealthy North Americans: Chubb Survey
A new Chubb report has found that 76 percent of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three ...
PartnerRe’s Bonneau Retires as CEO; Meyenhofer to Take the Reins
PartnerRe Ltd. announced that Jacques Bonneau will retire from the company effective April 1, 2024. Philippe Meyenhofer will succeed him as chief executive officer and take his place on the board of ...
Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B
Natural catastrophes in 2023 caused global economic losses of $250 billion, with insurers and reinsurers paying $95 billion of that amount, according to Munich Re. Last year's insured losses of $95 ...
CMT Study Reveals Significant Link Between Telematics Program Engagement and Crash Reductions
User engagement in telematics programs plays a crucial role in reducing road risk, reveals a new study from Cambridge Mobile Telematics (CMT). The study follows the driving performance of 100,000 ...
Supreme Court to Hear Challenge to EPA’s ‘Good Neighbor’ Air Pollution Plan
The U.S. Supreme Court late last month said it would hear a bid to block the Environmental Protection Agency from enforcing a federal regulation aimed at reducing ozone emissions that may worsen air ...