News
Nationwide’s Walker to Become New CEO in October
Nationwide disclosed it has chosen Kirt Walker, a 33-year company veteran, to become its next chief executive officer. "I'm humbled and proud to lead this great company and iconic brand," said ...
Companies Not Disclosing Extent of Climate Change Risk Exposures
Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called ...
AIG Names McElroy to Lead Its North America General Insurance Arm
American International Group, Inc. promoted David McElroy to become president and CEO of its North America General Insurance operations. McElroy joined AIG in September 2018 to become Lexington's ...
Market Trend: Millennials Buy More Flood Insurance Than Their Older Counterparts
Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new ...
Departing Aviva CFO Is Second Exec to Leave in Two Months
Aviva's chief financial officer Tom Stoddard will step down at the end of the month, the British insurer said on Wednesday, the second senior executive to leave following the appointment of Maurice ...
Pie Insurance Expands Small Biz WC Cover Into 5 New States
Pie Insurance disclosed it has gained regulatory approval to sell workers compensation insurance in a number of new states: Delaware, Indiana, Nevada, South Carolina and Virginia. Small business ...
Carriers, Lacking Resourcefulness, Increasingly Seek InsurTech Partnerships to Boost Digital Capacity
Carries seeking to boost their digital capacity for customer services will increasingly seek InsurTech partnerships to get the job done, predicts J.D. Power's 2019 Insurance Digital Experience study. ...
Large Shipping Losses Declined Rapidly in 2018, Reaching Record Low Levels
Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & ...