Industry News
Tesla Insurance Turning ‘Nightmare’ Claims Experience Into ‘Dream’: Musk
Tesla is "trying to turn a nightmare into a dream with Tesla Insurance," Chief Executive Officer Elon Musk said Wednesday. His final words during an earnings conference call that lasted more than an ...
New Jersey Diocese Reaches $87.5M Settlement with Sex Abuse Claimants
The Catholic Diocese of Camden, N.J., and the committee representing about 300 survivors of clergy sexual abuse have reached an $87.5 million settlement that will establish a trust to compensate the ...
Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?
Florida's governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may ...
Executives on the Move at RIMS, RMS, EIS, AmericanAg
RIMS announced that Gary LaBranche will take over as the society's new CEO on June 1 following the retirement of Mary Roth, who served for 37 years at RIMS. Since March 2017, LaBranche has served as ...
Travelers CEO Schnitzer: Loss Costs ‘Challenging as Ever to Predict’
In the words of its CEO, there's a "fair amount to pay attention to" from the first-quarter earnings call of Travelers, as the P/C insurer grew net written premiums 11 percent to a record $8.4 ...
Insurance Journal Announces New Online Charity Portal
Insurance Journal, Carrier Management's sister publication, has announced the launch of a new portal highlighting charitable stories in the insurance industry. What was once a single magazine issue ...
Tokio Marine Launches $42M Corporate Venture Capital Arm to Support Early-Stage Startups
Tokio Marine Holdings Inc. has launched a Silicon Valley-headquartered corporate venture capital (CVC) fund. The company has committed $42 million to the initial fund with plans to deploy more ...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Swiss Re has secured $1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its "growth ...