News
Hacking Risk Shadows U.S. Business as Russia Threatens Critics
A swath of major American businesses—from major banks to utility companies—is preparing for possible cyber attacks against their computer networks as Russia on Thursday threatened "consequences" ...
Lemonade Execs Expect ‘Peak Losses’ in 2022
With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders ...
Executives on the Move at United Fire Group, Sayata, Beazley
United Fire Group Inc. President and Chief Executive Officer Randy Ramlo announced he will retire from the company in 2022. Ramlo joined UFG in 1984 as an underwriter. Since then, he has held a ...
The Latest Launches From State Farm, Nirvana Insurance, Everspan
State Farm and Ford announced the launch of Drive Safe & Save Connected Car for customers with eligible connected Ford or Lincoln vehicles to benefit from usage-based insurance (UBI). State Farm ...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements ...
Applied Underwriters to Acquire Catlin Specialty From AXA XL
Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies. The move will consolidate Catlin into the North American Casualty group ...
Extreme Wildfires Expected to Increase 30% by 2050
Indonesia's peatlands, California's forests and vast swathes of Argentine wetland have all been ravaged by extreme wildfires, heralding a fiery future and the dire need to prevent it. With climate ...
U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights
The U.S. Supreme Court on Tuesday took up a major new legal fight pitting religious beliefs against LGBT rights, agreeing to hear an evangelical Christian web designer's free speech claim that she ...