Industry News
American Family First U.S. Insurer to Join The Climate Pledge
American Family Insurance has become the first U.S.-based insurance company to sign The Climate Pledge, joining 375 other national and global companies across more than 53 industries and 34 countries ...
State Farm Agrees to Settle Katrina Claims Lawsuit With Mississippi AG
Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate ...
Executives on the Move at Millers, Gallagher Re, TransRe
Millers Mutual Insurance, a niche property/casualty insurer for multifamily housing, has named Jeffrey Pratt as president and chief executive officer, effective Sept. 16, 2022. Pratt joined Millers ...
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P
Over 90 percent of the world's largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, according to data and analysis from index and ...
Big I’s Rusbuldt to Retire in 2023
The Independent Insurance Agents & Brokers of America (the Big I) announced that President and CEO Bob Rusbuldt will retire next year. The longest-tenured top executive at the Big I will remain ...
Zurich Now Offering a Bachelor’s Degree Apprenticeship
Zurich North America has posted open positions for its new Bachelor's Degree Apprenticeship, expanding the Associate Degree Apprenticeships it began offering in the U.S. in 2016. The news comes just ...
Still Negative: S&P Isn’t Budging on Reinsurance Outlook
Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn't time to change that view during a webinar last week. Taoufik ...
AM Best Reports: How Much Florida Carriers Depend on Reinsurers
Florida-domiciled property carriers are extremely reliant on the reinsurance market, making them vulnerable to coming price hikes, a just-released report from the AM Best financial rating firm said. ...