Industry News
Independent Agents Place Majority of U.S. P/C Insurance: Big I
The independent agency channel places 62 percent of all property/casualty insurance written in the U.S., according to the Big "I" 2022 Market Share Report. The annual Market Share Report compiles and ...
Tech Bytes: New Partnerships at Hub International, Pathpoint, Charlee
Hub International Limited, a global insurance brokerage and financial services firm, announced its partnership with RESAAS Services Inc., a technology platform for the real estate industry. The ...
Executives on the Move at Ryan Specialty, Safety National, Plymouth Rock
Ryan Specialty announced that Michael Blackshear, chief compliance & privacy officer, will assume additional responsibilities as the head of Diversity, Equity and Inclusion (DEI). Blackshear has ...
Berkshire Hathaway Reports $43.8 Billion Loss as Stock Holdings Tumble
The slide in U.S. stock prices punished Berkshire Hathaway Inc.'s bottom-line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. ...
CapSpecialty CEO Sennott Steps Down
CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, announced that Jack Sennott is stepping down from his roles as CEO, president and chair, effective Aug. 31. Alleghany has named Adam ...
Liberty Mutual Records Net Loss of $343 Million in Q2
Liberty Mutual Holding Co. said it recorded a second-quarter net loss of about $343 million compared with net income of nearly $770 million during the same period a year ago. CEO David H. Long said ...
Tech Bytes: New Partnerships at Involta, TNEDICCA, CCC Intelligent Solutions
Involta, a data center, hybrid IT and cloud-forward consulting firm, announced a partnership with HacWare, an AI-driven cybersecurity awareness and training software-as-a-service product that ...
Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment
Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining order against Alliant, accusing Gallagher of "rampant sexism, ...