Industry News
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 Dallas-based distribution and underwriting company said property ...
Ben & Jerry’s, Patagonia, and Now Insurer Branch: All Certified B Corps
Joining the ranks of Ben & Jerry's, Patagonia—as well as InsurTechs Lemonade and Loop—Columbus, Ohio-based Branch announced yesterday that it is now a Certified B Corporation. In short, a B ...
Tech Bytes: New Partnerships at CCC Intelligent Solutions, One80 Intermediaries, Markel
CCC Intelligent Solutions Inc., a software as a service platform for the property/casualty insurance industry, introduced the CCC First Party Claim Portal, a new digital capability that aims to ...
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 from PricewaterhouseCoopers (PwC), where he was responsible for ...
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 existing insurance companies ...
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 found the gun while on a visit. ...
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., according to a study published ...
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 stealing $4.9 million from ...