News
Executives on the Move at Chubb, QBE, Amwins, Ambac
Chubb appointed Mark Homan as division president, International Property and Casualty, for Overseas General Insurance, the company's international general insurance operations. In his new role, which ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk Solutions says in a new report. The ...
AI, Ransomware, Tech Burnout Biggest Takeaways From RIMS’ Riskworld
The 2023 RIMS' Riskworld conference took place last week in Atlanta, and on the latest episode of The Insuring Cyber Podcast, two guests shared the biggest takeaways from the conference this ...
Insurer vs. Broker: Court Rules Against WTW in D&O ‘Bump-Up’ Dispute
A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related ...
Workers Comp Market Sees Continued Growth: NCCI
Private carrier workers compensation premium continues to climb, according to an annual State of the Line Report released during NCCI's Annual Insights Symposium (AIS) 2023 on May 9 in Orlando, Fla. ...
Executives on the Move at AXIS, BHSI, Coalition
AXIS Capital Holdings appointed Mark Gregory as head of Global Markets and Michael J. McKenna as Head of North America. The newly created leadership positions will report directly to Vince Tizzio, ...
Twitter Beats Two Lawsuits Stemming From Mass Layoffs, for Now
A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc. of targeting female employees for layoffs after Elon Musk acquired the company last year but said ...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
While the January reinsurance renewals proved to be the toughest and most grueling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much calmer affair, according to Swiss ...