Industry News
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, ...
Pie Insurance Partners With Bold Penguin, Talage and Tarmika
InsurTech Pie Insurance, which specializes in workers comp insurance for small businesses, has formed strategic partnerships with three leading commercial insurance platforms: Bold Penguin, Talage ...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second ...
CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season
The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still calling for above-average action. The CSU Tropical Meteorology ...
Wildfires Disproportionately Impact Lower-Income Homeowners: Study
The 2022 wildfire season promises to be another record-breaker. Roughly 2 million acres burned last month, and major fires are currently scorching Idaho, Utah and California, threatening tens of ...