News
AM Best Revises U.S. Homeowners Segment to Negative
AM Best said it has revised its outlook for the U.S. homeowners segment to negative from stable following three consecutive years of net underwriting losses as a result of above-average numbers of ...
U.S. Launches: Everest Adds Wholesale Division; Canopius Expands Casualty Business
Everest Insurance, the insurance division of Everest Group Ltd., a global underwriter of property/casualty insurance and specialty reinsurance, announced the opening of a dedicated U.S. Wholesale and ...
Survey Finds 82% of Employees Worldwide Expect Employers to Support Work-Life Balance
The results of a recent global survey of employees reveals that nine out of 10 employees consider well-being facilities and offerings to be critical in their decision when choosing a workplace, while ...
Live Burn Demonstrates Value of Wildfire Mitigation
A recent wildfire demonstration highlighted how mitigation can thwart damaging fires from reaching homes. The live burn conducted in collaboration with the Insurance Institute for Business & Home ...
New England Could See More Monster Storms Like Hurricane Lee
When it comes to hurricanes, New England can't compete with Florida or the Caribbean. But scientists said Friday the arrival of storms like Hurricane Lee this weekend could become more common in the ...
For 5th Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Total U.S. surplus lines direct premiums written (DPW) rose by 19.2 percent to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a ...
New Florida Immigration Law Could Worsen Property Insurance Costs
If Florida insureds and insurers haven't been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida's tough new ...
PE Firm Exploring Sale of Car Insurance Software Vendor CCC
Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to the car insurance industry that has a market value of $7.1 billion, ...