Industry News
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 ...
The Latest Launches from Boost, Distinguished, WTW
Boost Insurance, alongside its market partner, Breach Insurance, an InsurTech that provides insurance technology and regulated insurance products for the cryptocurrency market, announced the launch ...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to ...
Tech Bytes: New Partnerships at Zendrive, Vitech Systems Group, GeoX
Zendrive, a data and analytics company focused on improving road safety, announced a new partnership with AXA XL, a provider of global commercial insurance and reinsurance to enterprises. Zendrive ...
Gunmaker Remington to Pay $73M to Sandy Hook Families
Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, marking the first time a ...
Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report
There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. ...