Industry News
Ambac Acquires All Trans Risk Solutions, Capacity Marine Corporation
Ambac Financial Group Inc., a financial services holding company, acquired majority stakes in both All Trans Risk Solutions LLC and Capacity Marine Corporation. All Trans Risk Solutions LLC is a ...
Executives on the Move at Hamilton, AXA XL, AXIS Capital
Hamilton Insurance Group announced the appointment of Anita Kuchma as chief executive officer of Hamilton Select, its U.S. excess and surplus (E&S) lines insurer. She reports to Group CEO Pina ...
Ruling Exposes Gov’t to More than $1B in Damages Because of Harvey Flooding
A federal court has found the U.S. government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but ...
Prime Insurance Launches New Podcast
Prime Insurance Company has launched a new podcast to discuss product highlights and insurance claims, featuring guest appearances from employees, producers and insureds. The podcast—hosted on ...
Inflation, Debt Crisis, Cost of Living Pose Top Business Risks in G20 Nations: Survey
Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed ...
Clara Analytics CEO Shares the Biggest Factors Driving Social Inflation
While inflation has been a big topic in the news, what about social inflation and its impact for the insurance industry? In Carrier Management's final Strategy Sessions webinar for the year, Heather ...
Drug Manufacturer Teva to Pay $523M to New York in Opioid Settlement
Teva Pharmaceutical Industries will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement ...
Allstate in Talks to Return Headquarters to Chicago From Suburbs
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The ...