Industry News
Federal Judge Denies TRO to Marsh in Case Against Former Employees
A federal judge has denied a temporary restraining order against seven former employees of Marsh sued in one of several lawsuits against defectors to join Howden US. Marsh USA early this month filed ...
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance
American International Group Inc.'s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the ...
Despite Tariff-Driven Chaos, Insurance IPOs Hit 20-Year High
Insurance companies' first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump's trade war. Predictable ...
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG
Lloyd's of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he's no longer ...
Amid Higher Costs, Changing Customer Expectations P/C Insurer Rankings Down Overall
Rising costs and changing customer expectations are driving satisfaction in the insurance and mortgage industry, according to an American Customer Satisfaction Index study. Among the four industries ...
APCIA: House Judiciary Committee Must Pass Litigation Funding Disclosure Reforms
The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills scheduled for markup Nov. 18 by the House Judiciary Committee. Committee member Rep. Darell ...
MGA Bobcat Re Launched in U.S. by Former K2 CAT Execs
A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. ...
Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best
The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said ...