Industry News
Travelers Acquires Tech Assets of InsurTech Trōv
Trōv, an early InsurTech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire ...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to ...
Paying More for Experienced Hires? Be Prepared for Pay Equity Challenges
After a year when insurers couldn't hire new staff as quickly as people left their jobs, carriers are paying up to attract experienced talent—and may well need to adjust compensation for remaining ...
Insurance for Sneakerheads Available
Unboxed, a sneaker app for sneaker enthusiasts—sneakerheads—announced that is partnering with Assuredly, a managing general agency, to insure the sneaker collections of Unboxed members, ...
Upgrades Back Up in 2021; Higher Capital, Better P/C Operating Results
Rating upgrades in the U.S. property/casualty insurance segment bounced back to pre-pandemic levels in 2021, increasing to 7.7 percent of all rating actions compared with 5.3 percent in 2020, ...
Insurers Take Credit Score Battle to Washington Supreme Court
Insurer groups last week sought to take their battle with Washington Insurance Commissioner Mike Kreidler to the Supreme Court of Washington. The American Property Casualty Insurance Association, the ...
AIG to Move High Net Worth Homeowners to E&S
Peter Zaffino, CEO of American International Group (AIG), said the company's ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the ...
Executives on the Move at National Interstate, BHSI, Conduit Re, At-Bay
National Interstate Insurance Company, a member of Great American Insurance Group, has promoted Shawn V. Los to president and chief operating officer. Los joined National Interstate in 2001 as an ...