Industry News
Amica Mutual and Brethren Mutual Announce CEO Successions
Amica Mutual Insurance Co. announced that Edmund Shallcross III has been named the company's next chief executive officer and president, effective Oct. 1, 2022. Shallcross will succeed Robert A. ...
Tokio Marine Kiln Selling Highland’s U.S. Construction Biz to Intact Insurance
Tokio Marine Kiln (TMK) has agreed to sell its Tokio Marine Highland's (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact). Financial terms of the deal were not disclosed in ...
Appeals Court First to Rule in Favor of Coverage for COVID Shutdown
The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that ...
Executives on the Move at Ascot, GuideOne, PartnerRe
Ascot has promoted Elizabeth Johnson to chief operating officer, North America Insurance. Johnson joined Ascot in September 2020 as chief underwriting officer, North America. Prior to that, she was ...
Gunmaker Sig Sauer Sued by Veteran Claiming Pistol Goes Off by Itself
A pistol made by Sig Sauer and sold to law enforcement and civilians alike is prone to going off without the trigger being pulled, a defect that has led to dozens of injuries over the past several ...
Winners of Innovation in Insurance Awards Excel in Customer Focus, AI, Sustainability
The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial intelligence (AI) and automation as well as sustainability, according ...
Tesla Leads in Driver-Assisted Technology Crashes: NHTSA
Tesla Inc. reported 273 vehicle crashes since July involving advanced driving assistance systems, more than any other automaker, according to data U.S. auto safety regulators released on Wednesday. ...
Executives on the Move at Lemonade, Liberty Mutual
Lemonade has appointed former N.Y. insurance regulator Scott Fischer as its first head of Government Relations. He will provide strategic counsel regarding laws and regulations impacting the company ...