News
FM Global Puts Aside $300M for Policyholders’ ‘Resilience Credit’
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ...
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of ...
Listening to the Market: Insurance Products That Fit Today’s Customer Needs and Demands
Presented by Majesco
The case for innovative insurance products How many cell phones have you owned? Computers? Cars? Appliances? Televisions? Do you still...
Independent Agents Place Majority of U.S. P/C Insurance: Big I
The independent agency channel places 62 percent of all property/casualty insurance written in the U.S., according to the Big "I" 2022 Market Share Report. The annual Market Share Report compiles and ...
Tech Bytes: New Partnerships at Hub International, Pathpoint, Charlee
Hub International Limited, a global insurance brokerage and financial services firm, announced its partnership with RESAAS Services Inc., a technology platform for the real estate industry. The ...
Executives on the Move at Ryan Specialty, Safety National, Plymouth Rock
Ryan Specialty announced that Michael Blackshear, chief compliance & privacy officer, will assume additional responsibilities as the head of Diversity, Equity and Inclusion (DEI). Blackshear has ...
Berkshire Hathaway Reports $43.8 Billion Loss as Stock Holdings Tumble
The slide in U.S. stock prices punished Berkshire Hathaway Inc.'s bottom-line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. ...
CapSpecialty CEO Sennott Steps Down
CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, announced that Jack Sennott is stepping down from his roles as CEO, president and chair, effective Aug. 31. Alleghany has named Adam ...
Liberty Mutual Records Net Loss of $343 Million in Q2
Liberty Mutual Holding Co. said it recorded a second-quarter net loss of about $343 million compared with net income of nearly $770 million during the same period a year ago. CEO David H. Long said ...