News
U.S. Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch's latest U.S. Personal Lines Market Update, the change is predicted amid signs that ...
AM Best Ups Reinsurance Outlook to Positive
Decelerating reinsurance rate increases aren't a worry for AM Best analysts who have revised the global reinsurance segment outlook to positive from stable, citing "robust profit margins" as a driver ...
NJ Man Gets 10-Year Prison Term for Lead Role in No-Fault Insurance Fraud
Bradley Pierre was sentenced to 10 years in prison for conspiracy to commit bribery and conspiracy to defraud the Internal Revenue Service in connection with his orchestration of a $60 million fraud ...
Insurers Plan to Invest More in the Private Credit Market
Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody's Ratings. In a survey this week of the world's largest ...
Report Finds Lax Oversight Put LA Freeway at Risk Before 2023 Blaze
Lax oversight by California's transportation agency contributed to a destructive blaze last year that consumed a vital section of a Los Angeles freeway used by hundreds of thousands of commuters, ...
Liability Reinsurance Crisis Could Be Looming, CEO Says
"There could be a liability crisis in reinsurance in a couple of years," a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the ...
The Latest Launches from Liberty Mutual, Corvus
Liberty Mutual launched an organization dedicated to the life sciences industry and appointed Tory Agnich as chief underwriting officer of Middle Market Life Sciences. Liberty Mutual's Middle Market ...
New Report Shows Increase in Child Deaths Due to Drowning
Safety agency calls for increased vigilance during summer activities as new report highlights higher drowning risks for children, according to a newly released report by the U.S. Consumer Product ...