Industry News
Windstorm Coverage Doesn’t Include Flood Damage: 5th Circuit
An insurance policy that lists named windstorms among the covered perils doesn't cover flood damages caused by Hurricane Harvey even though flooding wasn't specifically excluded, a panel of the 5th ...
Executives on the Move at QBE, TigerRisk, Bain Capital Insurance
QBE has appointed Kevin Shallow as director of Underwriting and product head for Marine, subject to regulatory approval. He takes over from Tim Pembroke, who will be retiring on March 31 after nearly ...
CNA Net Income Up 74% in 2021 Despite Q4 Drop
CNA Financial Corp. said fourth-quarter 2021 net income decreased more than 30 percent to $266 million compared to the same period the prior year. There was a drop in net investment income during the ...
The Latest Launches From CLARA, NEXT Insurance, Beazley
CLARA Analytics, a provider of artificial intelligence (AI) technology in the commercial insurance industry, released its latest Litigation for Commercial Auto that aims to empower insurers to ...
Executives on the Move at Catalina, CFC Underwriting and iBynd
Catalina Holdings (Bermuda) Ltd, the legacy re/insurance acquisition specialist, appointed industry veteran Ian Parker as group chief executive. He succeeds Bruce Hemphill, who stepped in as interim ...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
Net income at The Hartford for the fourth quarter of 2021 ended at $729 million, a 36 percent increase from income of $537 million the same period a year earlier. For the year, net income was about ...
Markel Numbers ‘Thick’ on Underwriting, Investments, Ventures
Markel Corporation reported a "record-smashing" $628 million in underwriting profit for 2021, a figure that translated into a combined ratio of just over 90 for the year. Co-Chief Executive Officer ...
Insurer Groups Sue to Stop Washington Credit Scoring Regulations
The American Property Casualty Insurance Association, the Professional Insurance Agents of Washington, and the Independent Insurance Agents and Brokers of Washington jointly filed two legal actions ...