News
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn't expecting any major changes in the pricing for commercial casualty or property ...
U.S. Safety Aviation Review Team Calls for ‘Urgent Action’ After Near-Misses
An independent safety review team named by the Federal Aviation Administration after a series of close-call air incidents called for "urgent action" and made a series of recommendations to boost ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
U.S. Home Insurance Less Affordable Due to Natural Disasters, Rising Repair Costs: Report
The growing frequency and severity of natural disasters amid rising home repair costs, along with other economic factors, have contributed to less affordable homeowners insurance, according to a ...
Consequences From Climate Change Now Affect Every Region of U.S.
Revved-up climate change now permeates Americans' daily lives with harm that is "already far-reaching and worsening across every region of the United States," a massive new government report says. ...
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
Applied Underwriters has launched a new holding company called "United Risk," which brings together the company's MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy ...
Liberty Mutual Records $219M Q3 Net Income
Liberty Mutual Holding Co. reported third-quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. "Solid underwriting results in our Global Risk ...
Biz Leaders Say Economic Downturn Outranks Climate, Tech as Top Worry
Economic and societal threats—such as an economic downturn, inflation, and an erosion of social cohesion—rank among the biggest risks to doing business in G20 countries over the next two years, ...
Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed
A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L'Oreal USA, Revlon and others cause cancer and ...