Industry News
Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re
Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive year -- and are even likely to hit US$135 billion-plus, according to ...
GEICO to Add 500 New Jobs at New North Texas Hub
GEICO announced the addition of 500 new jobs in North Texas today. The expansion of its commercial operations at the Richardson office, designated as a main hub to serve the insurer's small business ...
Ivans Index Shows Most Commercial Lines Renewal Rates Up in November
Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers' Compensation ...
Personal Lines Results Drive U.S. P/C Insurance 9-Month Underwriting Profit
Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 ...
Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy
The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate ...
Grief, Then Confusion: Questions of Motive Emerge in UnitedHealthcare CEO’s Killing
UnitedHealth Group's investor day turned from an ordinary corporate meeting in a midtown Manhattan hotel to a scene of stunned grief quicker than the health insurer could even react. "It was ...
Executives on the Move at Liberty Mutual and Hippo
Liberty Mutual Insurance has named Marc Orloff as president of Global Risk Solutions (GRS) North America, effective Jan. 1, 2025. Reporting to GRS President Neeti Bhalla Johnson, Orloff will be ...
Feature-Integrated Apps Drive Rising Customer Satisfaction With Digital Claims Process: J.D. Power
Digital claims reporting outperforms phone-based communications, according to a new J.D. Power study conducted in collaboration with Corporate Insight. New features and mobile app refinements by auto ...