News
Reuters Report: J&J Crafts Secret Plan to Cap Litigation Payouts to Cancer Victims
Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company's Baby Powder and other talc products ...
The Latest Launches From CLARA, NEXT Insurance, Beazley
CLARA Analytics, a provider of artificial intelligence (AI) technology in the commercial insurance industry, released its latest Litigation for Commercial Auto that aims to empower insurers to ...
Executives on the Move at Catalina, CFC Underwriting and iBynd
Catalina Holdings (Bermuda) Ltd, the legacy re/insurance acquisition specialist, appointed industry veteran Ian Parker as group chief executive. He succeeds Bruce Hemphill, who stepped in as interim ...
The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
Net income at The Hartford for the fourth quarter of 2021 ended at $729 million, a 36 percent increase from income of $537 million the same period a year earlier. For the year, net income was about ...
Markel Numbers ‘Thick’ on Underwriting, Investments, Ventures
Markel Corporation reported a "record-smashing" $628 million in underwriting profit for 2021, a figure that translated into a combined ratio of just over 90 for the year. Co-Chief Executive Officer ...
Insurer Groups Sue to Stop Washington Credit Scoring Regulations
The American Property Casualty Insurance Association, the Professional Insurance Agents of Washington, and the Independent Insurance Agents and Brokers of Washington jointly filed two legal actions ...
Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re
Insured losses from major natural catastrophes in 2021—excluding COVID-related losses—have so far reached an estimated $116 billion, the third largest total since 2011, and about 63 percent ...
Beazley: Insurers Question Impact of Resilience Fatigue on Clients in 2022
As companies continue facing COVID-19 challenges regarding a sick or isolating workforce, insurers are questioning the impact of resilience fatigue on their customers in 2022, according to a recent ...