Industry News
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn't expecting any major changes in the pricing for commercial casualty or property ...
U.S. Home Insurance Less Affordable Due to Natural Disasters, Rising Repair Costs: Report
The growing frequency and severity of natural disasters amid rising home repair costs, along with other economic factors, have contributed to less affordable homeowners insurance, according to a ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
Applied Underwriters has launched a new holding company called "United Risk," which brings together the company's MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy ...
Liberty Mutual Records $219M Q3 Net Income
Liberty Mutual Holding Co. reported third-quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. "Solid underwriting results in our Global Risk ...
Biz Leaders Say Economic Downturn Outranks Climate, Tech as Top Worry
Economic and societal threats—such as an economic downturn, inflation, and an erosion of social cohesion—rank among the biggest risks to doing business in G20 countries over the next two years, ...
Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed
A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L'Oreal USA, Revlon and others cause cancer and ...
AM Best Outlook of U.S. E&S Market Revised to ‘Positive’
Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to absorb business from the admitted market. AM Best changed its U.S. E&S outlook from ...
Dash Cams in Fleet Vehicles Key to Avoiding Nuclear Verdicts, Risk Managers Say
Cameras. One showing the driver and another facing forward. Those can be the keys to avoiding nuclear verdicts after auto and truck crashes, especially for companies with fleets of vehicles and ...