Industry News
Claims Are Rising as Australia’s Bushfire Cleanup Process Begins
The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties destroyed in the deadly wildfires. Under the plan, the ...
Are You Sleeping Your Way to a Stroke?—And Other CM Risk Alerts
Excessive sleep has been linked to an increased risk for stroke. Toxins may be escaping from the screens of devices like smartphones and TVs. Fitbits may be able to help track flu outbreaks in real ...
Dowling Highlights Regulatory Battle Over AI Bias; Lemonade Ready
As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into "one of the biggest topics of the next 10 years," a ...
Kemper’s 2018 Infinity Acquisition Helps Lead to Fitch Ratings Upgrade
Kemper Corp.'s 2018 acquisition of specialty auto insurer Infinity Property and Casualty Corp. continues to reap dividends, this time in the form of a Fitch Ratings upgrade. Fitch said it upgraded ...
QBE North America Makes Castaldo CFO
QBE North America promoted Christopher Castaldo to become its new chief financial officer. Castaldo's new job will be subject to completion of various regulatory requirements. Plans call for him to ...
Liberty Mutual’s Irish Subsidiary Exits Three Lines of Business
Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business. Liberty will continue to ...
U.S. P/C Insurers Enjoyed Underwriting, Surplus Gains in First 9 Months of 2019
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in ...
Japanese Firms Rely Largely on Insurance in Plans for Increasing Floods
Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing ...