News
At-Bay Specialty Gets A- Rating From AM Best; CFO Hired
Industry rating agency AM Best has assigned At-Bay Specialty Insurance Company a financial strength rating of A- (Excellent). At-Bay Specialty Insurance Company is a Delaware-domiciled excess and ...
No Such Thing as a ‘Run on the Bank’ In Insurance Biz: Travelers CEO
With recent troubles in the banking sector having only minimal impact on his company's specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to ...
Show Employees You Care to Boost Productivity, Retention
Feeling "cared for" at work is a key driver of employee holistic health and happiness, which are strongly connected to productivity, loyalty and job satisfaction, according to MetLife's 21st annual ...
Florida State-Run Reinsurance Plan a Bust? Only Three Sign On
After five years of tweaks to Florida's insurance and tort laws, all designed to reduce the vast amount of claims litigation and – eventually – bring down property rates, many in the industry ...
Travelers Inks Record Commercial Premium for Q1 ’23
With net written premiums for the Business Insurance segment of its book rising 14.5 percent to a $5.2 billion record level for the first quarter, Travelers posted 12 percent premium growth across ...
Snap Claims It’s Wrongly Dragged Into Social Media Addiction Suits
Snap Inc. says it can't be sued for allegedly addicting young users and contributing to a mental health crisis because its "ephemeral" messaging service is "fundamentally different" from other ...
Resolute Global Partners Launches New Type of Reinsurance Contract
Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of "Footprint," a new type of reinsurance contract, which the firm created in ...
Russian Hackers Target Western Critical Infrastructure, UK Warns
The UK government's cyber defense agency warned on Wednesday of an emerging threat to Western critical national infrastructure posed by hackers sympathetic to Russia and its war on ...