Industry News
NAIC Names 2019 Key Committee Leaders
The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing ...
ArgoGlobal and Italian InsurTech Firm Provide On-Demand Insurance for Gig Workers
ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with InsurTech startup Axieme to provide on-demand, pay-as-you-go insurance for ...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Steady improvement for U.S. personal auto insurance companies has culminated in the sector's best underwriting performance in 10 years, according to a report from Fitch Ratings. The market ...
U.S. Proposes Dramatic Expansion of Commercial Drone Flights
The federal government has unveiled a long-awaited set of proposals to dramatically expand civilian drone flights while also tightening security, critical steps for an industry seeking to expand into ...
Former CNA CEO Motamed Joins AIG Board
The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a director. Motamed ...
Executives On The Move at AXIS Capital Holdings and BHSI
AXIS Capital Holdings is hiring a former Chubb executive as its new chief information officer. Berkshire Hathaway Specialty Insurance named the head of its new Property Construction division in the ...
Policygenius Enters P/C World With Auto and Home Options
New York-based online insurance marketplace Policygenius announced Tuesday that it is expanding from life and disability insurance to offer home and auto as well. Licensed nationwide, Policygenius ...
Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims
Seth Klarman's Baupost Group has been the poster child of the hedge fund industry's ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns ...