Industry News
Executives on the Move at The Hartford, Chubb, Alliant
The Hartford has promoted Richard Vaughn to head of Global Specialty Distribution. He will report to Adrien Robinson, head of Global Specialty, who said that Vaughn's "experience advancing key ...
U.S. Surplus Lines Premium Up 22% in 2021
Surplus lines premium increased 22 percent and transactions rebounded almost 6.6 percent over their 2020 totals in the 15 states with designated surplus lines stamping offices. The increases ...
Progressive’s Q4, Full-Year Net Income Dropped Over 40%
Fourth-quarter 2021 earnings at Progressive Corp. fell 43 percent compared with the same period a year ago to $962.3 million. The results were despite the personal and commercial property insurer ...
Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon
Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon's "2021 Weather, Climate and Catastrophe Insight" report. Insured losses ...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube
Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber analytics company CyberCube says. Cyber hostilities between Israel ...
Loss Costs Outpaced Premium Increases for U.S. P/C Industry Through Q3 2021
Direct premium production for the U.S. P/C industry through third-quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen ...
Generali Loses Third Board Director in Less Than 2 Weeks
Generali, Italy's biggest insurer, said on Tuesday that Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks. Generali's ...
Berkshire Plans First In-Person Annual Meeting Since COVID Began
Warren Buffett's Berkshire Hathaway Inc. plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the ...