News
U.S. P/C Industry Underwriting Loss Reaches 10-Year High: AM Best
AM Best published its annual estimate of the U.S. property/casualty insurance industry's financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for ...
Security Lags as 77% of Companies Report AI Breaches Within the Past Year
A new survey of security leaders shows that while artificial intelligence (AI) adoption is accelerating, proper security measures are not being undertaken much of the time, according to HiddenLayer, ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Lloyd’s of London Hits 35% Female Leadership Target
Lloyd's of London has hit a short-term target of filling 35 percent of leadership roles with women, although less than half of firms in the commercial insurance market had hit the mark, it said on ...
California Ski Resort Workers Tunnel Their Way In After 10 Feet of Snow
Going to the office has been no small feat for Jon Slaughter's marketing team at Sugar Bowl, requiring the employees to dig down several feet and then tunnel through to the front door after a ...
Skeptical AM Best Tags U.S. D&O Segment With Negative Outlook
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of ...AmFam Underwriting Loss Worsens to $1.7B in 2023
American Family Insurance posted a net underwriting loss of $1.7 billion for property/casualty business in 2023, up from an underwriting loss of $1.5 billion in 2022. While higher claim loss costs ...
After Slow 2023, M&A Activity Expected to Ramp Up This Year
More acquisition opportunities and continued competition across the market is expected in 2024, according to a new report, the "2024 Insurance M&A Outlook," by Deloitte. Property/casualty mergers ...