Industry News
Climbing Prices and Demand Foster Stable Reinsurance Outlook: AM Best
AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive pricing momentum driven by rising loss cost inflation, enhanced ...
State Auto Innovation Exec Garland Will Lead Company After Liberty Mutual Closes Acquisition
State Auto Financial Corp. will have a new leader with experience in startups, innovation and restructuring once Liberty Mutual closes its $1 billion acquisition of the carrier in 2022. Kim Garland, ...
Slow Moderation of U.S. Commercial Insurance Rate Hikes Continues in Q3: Willis Towers Watson
Certain U.S. commercial insurance segments saw robust price increases in the 2021 third quarter, but the sector overall continued to see a slowing and steady moderation in rate hikes, according to a ...
Usage-Based Car Insurance Could be Part of Stellantis Auto Software Strategy
Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.5 billion) in annual revenue from related products and subscriptions as it takes aim ...
Zurich North America Hires Ex-Travelers Exec Lezaj to Lead New Complex Casualty Unit
A former Travelers executive is joining Zurich North America to oversee its newly-created Complex Casualty unit. Steve Lezaj will take on the job with the title of National Complex Casualty ...
Belgian Insurer Ageas Draws Renewed Acquisition Interest From Investor Group
BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people ...
P/C Insurance Digital Claims Management Stalling: J.D. Power
The property/casualty insurance industry is falling behind financial services and utilities providers when it comes to the digital customer experience, according to the J.D. Power 2021 U.S. Claims ...
Risk Alerts: Dangers on the Roadway
The new infrastructure bill will allow teens to make interstate trips. A software update over the summer gave many Tesla drivers the ability to play video games while the vehicle is in ...