Industry News
Lemonade Records Q3 Net Loss of $91.4M
InsurTech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to shareholders, the company said both ...
The Latest Launches from HUB, Coalition, RT Specialty
Hub International Limited, a global insurance brokerage and financial services firm, launched its Professional & Executive Risk Specialty Practice. The new practice brings together more than 100 ...
Lloyd’s Ian Claims More Than $2B
On Friday, Lloyd's announced that claims to the Lloyd's market arising from Hurricane Ian are estimated to be in the range of $2.3 billion to $3 billion. The estimate is based on third-quarter data ...
Could Blockchain Make Data Integration a Reality for Insurers?
When most of us hear the word "blockchain," we think about cryptocurrencies like bitcoin. But could blockchain technology be used to enhance insurance processes? Tram Vo, CEO and founder of Mobility ...
Executives on the Move at Chubb, Westfield, Branch
Chubb Limited has appointed Darryl Page as vice president, Chubb Group and chief culture officer, succeeding Ivy Kusinga. In this role, he will oversee Chubb's culture and diversity, equity and ...
Commercial P/C Rates Up for 20th Straight Quarter: CIAB
Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers ...
Gayner to Become Markel’s Sole CEO on Jan. 1, 2023
Markel Corporation announced that Thomas S. Gayner, co-chief executive officer, will become sole CEO upon the retirement of Co-CEO Richard R. Whitt III on Jan. 1, 2023. Gayner will be responsible for ...
Studies Find Automatic Braking Can Cut Crashes over 40%
Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half and reduce pickup truck crashes by more than 40 percent. The studies released ...