News
Hallmark Financial Sells E&S Ops to Core Specialty
On Friday, Hallmark Financial Services, Inc. and Core Specialty announced the sale of Hallmark's excess and surplus lines operations to Core Specialty Insurance Holdings, Inc. for roughly $40 million ...
All of the Hurricane Ian Insurance Loss Estimates
Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of insured losses from Hurricane Ian. Below is a summary of estimates announced by ...
New and Revised Ian Loss Estimates, Images of Property Damage Published
On Friday, Oct. 7, RMS published a $53-$74 billion estimate of the range of losses coming to private market insurers from Hurricane Ian. The low end of the range, coincidentally matched the high end ...
Farmers Group CEO Dailey to Retire in 2023; Vargas Will Takes the Reins
Farmers Group has appointed Raul Vargas as president and chief executive officer, effective Jan. 1, 2023. He will also become a member of the Board of Directors. Vargas will succeed Jeff Dailey, who ...
U.S. Consumers Value Data Privacy Over Savings in Home and Auto Insurance: Policygenius
Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data-monitoring devices, according to an annual survey from Policygenius. The survey found ...
Taking Action: How Insurers Can Lead by Example With ESG
As environmental, social and governance issues are increasingly becoming a bigger topic of discussion in the insurance industry, Thomas Troy, president and CEO of CSAA Insurance Group—a provider of ...
Will Ian Consume Florida Cat Fund, Forcing More Back-Breaking Reinsurance?
While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm ...
How Methane Leaks Accelerate Global Warming
Methane leaks have emerged as a top threat to the global climate, with the latest incident involving two Russian gas pipelines under the Baltic Sea that are at the heart of an energy crisis since ...