News
Marsh: P/C Carriers Keeping Up With Soaring Interest in Commercial Drones
Property/casualty insurers have responded positively to the soaring interest in and use of commercial drones, even as global regulators struggle to keep up with the nascent industry, Marsh asserted ...
Guy Carpenter: June 1 Re Renewal Price Decreases Lessened
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. "Many ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
Texas Floods Left 10,000 Damaged Vehicles At Risk For Fraudulent Sale
As many as 10,000 vehicles may have been damaged in last month's catastrophic Texas floods, and some could be resold out of state to unsuspecting buyers, according to a group that works to prevent ...
Cyber Attack Compromises PII of U.S. Federal Workers; China Link Probed
Hackers broke into U.S. government computers, possibly compromising the personal data of 4 million current and former federal employees, and investigators were probing whether the culprits were based ...
State Farm’s Rust Ends 30-Year Run as CEO
State Farm Mutual Automobile Insurance Co. said Edward Rust is stepping down as chief executive officer after three decades in the post and will be replaced by the company's chief operating officer. ...
Allstate to Offer Ride for Hire Policy
Allstate will start insuring drivers who pick up passengers through ride-hailing apps like Uber and Lyft. The insurer said Wednesday that the Ride for Hire policy will cost $15 to $20 a year on ...
U.S. Storms Caused $1B in May Insurance Claims: Impact Forecasting
A number of severe thunderstorms and flooding in the U.S. in May produced more than $1 billion in insurance claims and over $3 billion in economic losses, Aon Benfield's Impact Forecasting said in a ...
Executives On The Move at W.R. Berkley, JLT Re, Ironshore and More
W.R. Berkley Corp. promoted three long-time executives at the company to the offices of executive vice president. Eugene Ballard, who has been with Berkley since 1999, has previously served as senior ...