Industry News
Fidelis Receives Regulatory Nod to Create New MGU, Split Business
Fidelis Insurance Holdings Ltd. announced it has received regulatory approval to create a new managing general underwriter (Fidelis MGU), which is separate from the existing balance sheet insurance ...
The Latest Launches From CNA Canada, Openly, Bdeo
CNA Canada launched Asset Managers Liability Solutions, backed by in-house claims professionals experienced in handling complex claims. The policy is available for new business quotes starting Dec. ...
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM ...
Walmart Shooting Raises Need for Violence Prevention at Work
The mass shooting last Wednesday at a Walmart in Virginia was only the latest example of workplace violence perpetrated by an employee. But while many companies provide active shooter training, ...
Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art
Climate activists' attacks on some of the world's most precious paintings have added to insurers' worries about the threat to art from climate change itself — concerns seen as leading to higher art ...
Florida Special Session on Insurance Slated for Dec. 12-16
It hasn't been made official by the governor's office, but Florida legislative leaders have set a date for a second special session to tackle property insurance issues — Dec. 12 through Dec. ...
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers
In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal to collect data on climate-related risks from ...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five years, according to an analysis by S&P Global Market Intelligence. In ...