Industry News
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P
For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. "We expect that ...
The OIL Group Changes Name as Part of Major Rebrand
Bermuda-based energy insurer OIL Group of Companies has announced a major rebrand and will now be known as Everen Group. The group's operating units have also been renamed: Oil Insurance Limited ...
Executives on the Move at Hiscox, CoreLogic, Ledgebrook
Specialist global insurer Hiscox has appointed Stéphane Flaquet as the group's chief operating officer, effective Sept. 1, 2022 and subject to regulatory consents. Flaquet has been with Hiscox since ...
Cyber Pirates Prowling Ship Controls Threaten Another Big Shock
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the U.S. Coast Guard. Though the malware attack never controlled the vessel's ...
U.S. Mass Shooting Insurance Rates Jump as Incidents Rise
The cost of buying insurance protection against mass shootings has spiked more than 10 percent in the United States this year following a string of deadly events, insurers said. The United States ...
The Latest Launches From Hippo, Woodruff Sawyer, Markel
Hippo Insurance Services announced the expansion of its mortgage partner channel, as well as availability of its home insurance products in Massachusetts. Hippo assists loan originator and servicer ...
NYC, Miami, Tampa, New Orleans Tops Among Storm-Surge Exposed Cities
New York, Miami, Tampa, and New Orleans are the metro areas with the most single-family homes at risk of heavy damage from storm surge during hurricanes, according to a report released by CoreLogic, ...
Supreme Court Sides With Doctors Challenging Opioid Convictions
The U.S. Supreme Court on Monday made it harder for prosecutors to win convictions of doctors accused of running "pill mills" and excessively prescribing opioids and other addictive drugs, by ...