Industry News
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 ...
RMS: Less Than $2B in Insured Losses From Hurricane Nicole
Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion. This estimate represents insured ...
Counting the Rising Cost of Climate Change: The Most Costly Natural Disasters
Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity of flooding and wildfires, insurers and risk modeling experts say. The ...
Tech Bytes: New Partnerships at TrustLayer, Convelo, TNEDICCA
TrustLayer and Tarmika, an Applied company, announced a partnership in an effort to better enable businesses to close coverage gaps on demand. The partnership integrates TrustLayer's insurance ...
Goldman Sachs Paid Over $12M to Bury Partner’s Claim of Sexist Culture
Goldman Sachs Group Inc. paid out well over $12 million to a veteran executive who complained internally about a toxic workplace for women in the highest echelons of Wall Street's most prestigious ...
Florida’s Citizens Revises Ian Loss Estimate to $3.8B, Including Litigation Expenses
Direct losses, litigation and other expenses from Hurricane Ian will reach $3.8 billion for Florida's Citizens Property Insurance Corp., but that's still below the threshold that would trigger an ...