Industry News
Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Market Risk
Lloyd's has "a laser focus" on the oversight of delegated underwriting authorities to make sure these facilities do not drag down the market in the same way that poor management of managing general ...
What Consumers Think—and Who’s Shopping for Insurance
Tariffs. Economic volatility. Technology trends. Changing insurance market conditions. These are all having an impact on property/casualty insurers. But how are they impacting consumers? More ...
U.S. House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power
Rep. Scott Fitzgerald on May 15 reintroduced a bill to eliminate the subpoena power of the Federal Insurance Office (FIO). The Insurance Data Protection Act was first presented by Fitzgerald, R-Wis., ...
Insurance Pacesetters Creating New Skills, Career Pathways to Remain Relevant: Report
Innovative insurance companies stand out by reinventing themselves through advanced technology and analytics, according to a newly released study conducted by HR advisory firm The Josh Bersin ...
Report: California Workers Comp Combined Ratio Highest in 14 Years
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the accident year combined ratio rose to the highest level in 14 years, a new report ...
New Jersey Announces $450M PFAS Settlement With 3M Days Before Trial
New Jersey officials announced a landmark settlement of up to $450 million with 3M Company to resolve the state's lawsuits and address damage to the state's water and other natural resources from ...
Zurich NA Names New U.S. National Accounts, Underwriting Leaders
Zurich North America announced key leadership changes in connection with the impending retirement of Paul Lavelle, previously head of U.S. National Accounts. Heather Fox moves into that role, leading ...
Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform
Mike McGavick is returning to the insurance world as a strategic advisor and board chairman of Mea Platform, an artificial intelligence firm focusing on transactions and operations for carriers, ...
Prymas Appointed CEO of Tokio Marine Highland
Tokio Marine Highland (TMH) has appointed insurance veteran Steve Prymas as Chief Executive Officer, effective June 1.
Prymas succeeds ...