News
Lloyd’s Insurers Must Exclude State-Backed Cyber Attacks to Avoid Systemic Risks
Lloyd's insurers must exclude state-backed cyber attacks in standalone (or affirmative) cyber policies, according to a Lloyd's market bulletin issued this week. The exclusion would include liability ...
Insurers Anticipate Staffing Increase Over the Next Year Despite Recruiting Difficulty: The Jacobson Group
Most insurers (68 percent) plan to increase staff during the next 12 months, while only 5 percent anticipate a reduction in the number of employees, according to the Semi-Annual U.S. Insurance Labor ...
U.S. Traffic Deaths Hit 20-Year High in Early 2022
U.S. traffic deaths jumped about 7 percent in the first three months of 2022 to 9,560, the highest number of people killed on American roads in a quarterly period since 2002, regulators said on ...
Allstate Announces Executive Leadership Changes
Allstate announced that Glenn Shapiro, president, Property-Liability, has decided to retire effective Sept. 30. He joined Allstate as chief claims officer in 2016 and has held his current position ...
Executives on the Move at QBE, Zurich, Pie, Chubb
QBE announced that it has named Chris Killourhy as managing director of QBE Re. The appointment is effective Sept. 1, subject to regulatory approval. Killourhy succeeds Steve Postlewhite, who left ...
Global M&A Hits 10-Year High, Says Clyde & Co.
The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5 percent from the same six months a year ago. According to Clyde & Co.'s ...
InsurTech Ledgebrook Closes $4.2M Seed Funding Round
Ledgebrook, a Boston, Mass.-based InsurTech founded in March, announced that it raised $4.2 million in seed funding to build out its operations with the goal of writing its first policies in the ...
CSAA Partners With Singer Rick Astley on New Campaign
CSAA Insurance Group, a AAA insurer, has partnered with 1980s pop icon Rick Astley to launch a new national brand campaign that features a new version of the music video for Astley's 1987 song "Never ...