Industry News
How Warren Buffett Does a Deal: Alleghany Merger Backstory
Berkshire Hathaway didn't require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in ...
Cyber Premiums Grew 74% in 2021: Fitch
According to estimates by Fitch Ratings, direct written premiums for standalone and packaged cyber insurance increased 74 percent to nearly $5 billion in 2021 compared with overall growth for the ...
South Carolina Insurance Director Farmer to Retire
South Carolina Department of Insurance Director Ray Farmer is retiring after nine years of service, effective April 15, 2022. Farmer was appointed to lead SCDOI in 2012 by former Governor Nikki ...
Executives on the Move at USAA, GEICO, Old Republic
USAA has named Julie McPeak as senior vice president, general counsel for Insurance. She will oversee both the P&C and Life Company legal teams for USAA. McPeak joins USAA from Root Inc., where ...
How to Succeed in Workers Comp: A Digital Distribution Playbook
Workers compensation is inarguably the most competitive line in the commercial lines insurance market this year. According to most broker and carrier market reports, it's the only one that has ...
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance ...
Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’
Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen's Casualty Insights ...
As Climate Disclosures Toughen, Corporate Laggards May Be Vulnerable to Lawsuits
A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate change dawdlers as campaigners increasingly turn to the courts to force a speedier transition to a ...