Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout

According to MarketScout's Market Barometer, the fourth-quarter 2022 composite rate for U.S. commercial lines was up 5.1 percent.

The ...

Ben & Jerry’s, Patagonia, and Now Insurer Branch: All Certified B Corps

Tech Bytes: New Partnerships at CCC Intelligent Solutions, One80 Intermediaries, Markel

Executives on the Move at The Hanover, Everen, RIMS

The Hanover Insurance Group has appointed David J. Lovely executive vice president and chief claims officer.

Lovely joins The Hanover ...

Fidelis Completes MGU and Balance Sheet Split

Fidelis Insurance Holdings Ltd. (FIHL) announced the completion of the transaction creating a new managing general underwriter (Fidelis MGU), separate from FIHL and the ...

Lawsuit Alleges Insurance Agency Liable for Child Shooting at Home Office

The parents of a three-year-old Maine boy who accidentally shot himself with a loaded pistol filed a negligence suit against the owner of a Vermont home where the boy ...

As Legal Pot Grows, More Kids Sickened by Edibles at Home

The number of young kids, especially toddlers, who accidentally ate marijuana-laced treats rose sharply over five years as pot became legal in more places in the U.S., ...

D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme

A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of ...

Chubb Launches Global Climate Business Unit

Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate ...

January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation

A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...