Industry News
High-Speed Lawmaking: Florida Gov Quickly Signs Insurance Reform
Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ...
Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey
Nearly three quarters of global cyber-risk decision-makers recently surveyed said their company experienced at least one cyber attack in the past year, and while these attacks have spurred more ...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion
Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C ...
Inflation Drives 33% Jump in Auto Telematics Adoption in Q1 2022
TransUnion's latest Personal Lines Insurance Shopping Report found the number of consumers who accepted a telematics offer from their auto insurance provider increased 33 percent since the end of ...
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources
India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 ...
Verisk Promotes Shavel to CEO, Anquillare to President
Verisk said it appointed Lee M. Shavel to CEO and Mark V. Anquillare to president following the company's annual shareholder meeting. Shavel was also elected to the Verisk Board of Directors. Three ...
The Latest Launches From Clearcover, Beazley, Armis
Clearcover Insurance Company, a next generation car insurance carrier, announced the launch of Car Care, a product that provides additional value through a "digital garage" that includes benefits ...
Executives on the Move at Chubb, Everest Re and Guy Carpenter
Chubb Limited has appointed John Thompson as vice president, Chubb Group and division president of International Personal Lines, effective June 1. In his new role, he will be responsible for leading ...