Industry News
Commercial Property Market Stabilizing, With Ample Capacity: USI
The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, ...
California Wildfires Declared Federal Disaster: FEMA
FEMA announced yesterday that federal disaster assistance is available to the state of California to supplement recovery efforts in the areas affected by wildfires and straight-line winds from Jan. ...
Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chair of Climate Solutions
Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal's notice period at Lloyd's ...
Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company
A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett's conglomerate. ...
Reinsurers in Growth Mode Brought Capacity, Flexibility to 1/1 Renewals
Reinsurance buyers generally found ample capacity during the January renewals, reinsurance brokers Aon, Gallagher Re and Howden confirmed in their renewal reports. Increased reinsurer appetites meant ...
Did Florida Appeals Court Put the Final Nail in the AOB Coffin? Maybe
Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have ...
Embracing Cloud, SaaS: A Strategic Move for Insurers
As widespread digitization continues to mold the bedrock of the insurance industry, insurers are increasingly adopting cloud computing and Software as a Service (SaaS) technologies with the promise ...
The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee
The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a ...