Industry News
Phishing Triggered Majority of Cyber Claims in 2022 First Half: Coalition
Claims are down among Coalition policyholders in the first half of 2022, but small businesses became bigger targets and an organization's employees remain the easiest was for cyber criminals to ...
Climate Change Is Overwhelming U.S. Flood Maps, FEMA Head Says
Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, according to ...
Lloyd’s Gives Green Light to New Flux, Trium Cyber Syndicates
Asta, the third-party managing agent at Lloyd's, and Acrisure announced that Lloyd's has granted "in principle" approval for the launch of Flux Syndicate 1985, which will commence underwriting on ...
U.S. Commercial Insurance Prices Increased 6% in Q2: WTW
U.S. commercial insurance prices increased by nearly 6 percent during second-quarter 2022, according to WTW's most recent Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices ...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of ...
Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO
At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an InsurTech CEO says automation of the activity is speeding his company's actuarial rate ...
Gallagher Re Launches Academic Research Center
Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re's Global Analytics & Advisory center of excellence and led by ...
Executives on the Move at Liberty Mutual, Everest Reinsurance, SCOR
Liberty Mutual Insurance announced appointments to two newly created roles in its Global Risk Solutions (GRS) Office of Underwriting. Effective Sept. 26, Julia Chu will join as head of Underwriting ...