News
Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can ...
Breached Organizations Spend More on Cyber Resilience
Organizations that have endured cyber incidents in the past don't want to get burned again, according to a newly released survey by cyber resilience and data protection solutions firm CommVault. ...
AM Best: Unfavorable Operating Performance Key Driver of Downgrades
Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based insurers in 2023 compared with two years earlier, according to a ...
Safety Agency Probing Jeep SUVs, Pickup Fires After Engines Turned Off
U.S. auto safety regulators are investigating reports that the engines can catch fire on some Jeep SUVs and pickup trucks even with the ignition turned off. The probe covers more than 781,000 Jeep ...
Akur8 Acquires Arius From Milliman
Akur8, an insurance pricing solution based on machine learning, announced that it has acquired Arius from Milliman Inc.
Arius, an ...
Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Year Low
The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co's latest Mid-Year Growth Report. The number of insurance carrier ...
Prospect of Hurricane Seasonal Forecast-Miss Rising: Moody’s
Robert Muir-Wood, chief research officer of Moody's, has attended the Rendez-Vous de Septembre many times over the course of a more than 25-year career in catastrophe modeling. But he's hard-pressed ...
Survey: Salary Budgets Grow at Record Pace
Base salary budget increases for 2025 are projected to continue close to the fastest pace in two decades, according to a new report from The Conference Board that surveyed 300 compensation leaders on ...