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Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Co. Launch
Four surety companies—Chubb, The Hartford, Liberty Mutual and Travelers—announced the launch of a technology company that will feature a shared digital infrastructure to advance the surety ...
The LA Fires Destroyed 11,000 Homes. Less Than 10% Have Permits to Rebuild
Of the thousands of residents needing to rebuild after this year's California wildfires, Andy Weyman would seem especially well positioned. The TV and stage director had remodeled his Malibu home ...
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry
As McKinsey & Co. partners gathered in the consulting giant's birthplace in late October, Bob Sternfels delivered a rallying cry. "We will kick some ass as we start our second century," the ...
Rebuilding Negotiation Talent: Why This Skill Is Missing and How to Fix It
Negotiation determines the outcome of nearly every litigated claim in our industry, yet it remains one of the least systematically developed skills inside many claims and defense organizations. After ...
Berkshire Hathaway Announces Leadership Appointments: New CEO at GEICO
Berkshire Hathaway announced that Nancy L. Pierce has been appointed Chief Executive Officer of GEICO, effective immediately. Pierce currently serves as Chief Operating Officer of GEICO and, since ...
The Hardest Part of Innovation in Insurance Isn’t Technology; It’s Culture
The insurance industry is notoriously behind the curve when it comes to innovation. But what explains the gap between insurance and other industries?
Managing general agents account for over $100 billion in annual premium, or 10 percent of the total property/casualty market—and their share continues to grow. ... Commercial lines insurance is changing—not with loud announcements or flashy tech demos, but through quiet, meaningful shifts in how work gets done. If negotiation is the job, as Ronald Morrison wrote in the first article of this series, then the first offer is often the moment that defines success. Insurance carriers are operating in a period of structural volatility. Catastrophe events are more frequent and severe, customer expectations continue to rise, ... Almost 90 percent of commercial fleets use telematics systems. Yet commercial auto insurance has posted combined ratios above 100 in 12 of the last 13 years. Artificial intelligence (AI) is moving rapidly from experimentation to execution in the property/casualty insurance industry. From AI-driven claims estimation to ... Like many legacy sectors, the insurance industry has long relied on structured courses and compliance modules to onboard and train new employees. Such an approach ... The fastest way to lose a room is to start talking before you've said anything worth hearing. Whether ... For decades, subrogation has been treated as an afterthought. A file closed, a claim paid and only then, sometimes months later, would a ... "There was nobody there." That was part of the simple answer Terrence McLean, chief executive officer of SageSure, provided when asked ... In Part 2 of a series of articles on innovation in insurance, "The Hardest Part of Innovation in Insurance Isn't Technology; It's Culture," Haden Kirkpatrick offers some ... The race to apply AI in P/C insurance often hits a wall, not because of algorithms but because of confusion over data foundations. "Data Lake," "Data Warehouse" and "Data ... In recent years, the debate around artificial intelligence has shifted from speculation about future capabilities to urgent conversations about real-world impact. Since 2022, the landscape of coverage litigation in U.S. district courts has shifted significantly, signaling new challenges and opportunities for property/casualty ... Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and ... Life could not have been better for Merritt Farren. After a high-level career as Amazon's Associate ... Munich Re Specialty announced the upcoming retirements of Greg Barats, CEO and President of HSB, and Andreas Kleiner, CEO and President of American Modern Insurance ...
Examining 5 Key Factors Fueling MGA Growth—and Emerging Challenges Ahead
Legal Finance and Insurance: From Confusion to Collaboration
We knew we were important to the insurance industry—but we didn't understand why. After this month's Insurance Insider US Executive Business Club roundtable, it's clear we are not alone in our ...
U.S. E&S Outlook No Longer Positive: AM Best
AM Best has revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and ...
What to Expect in 2026: U.S. P/C Results More Like 2024
With premium growth slowing to around 3 or 4 percent, and hurricane activity likely returning to normal levels, analysts at Fitch Ratings foresee 2026 underwriting results for property/casualty ...
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration
You're just about as likely to find a commercial P/C underwriter or actuary who is unconcerned about the increased use of AI in insurance as you are to find one that's afraid of being replaced by AI. ...
Artificial Intelligence Is Rewriting the Rules for Commercial Lines
The Power of the First Offer: Anchoring, Evidence and the Battle for Perception
Heating Fuel Haulers Temporarily Exempt From Drive Time Limits
The U.S. transportation safety regulator has extended an emergency waiver on driving-time limits for truckers hauling heating fuels by a few days to January 15, aiming to speed up deliveries. The ...
Why the Middle Market Matters and How Insurers Can Capture It
Conning puts the size of the total addressable middle market at more than $150 billion, and with no carrier commanding more than a 5 percent share, the segment has become more attractive to insurers. ...
Seasonal Seismic Signals Hint at Alaska Tsunami Threat: Study
Researchers studying a massive landslide in Alaska detected strange seasonal seismic pulses caused by water freezing and thawing in rock cracks. The faint signals could become an important early clue ...
Adapting Insurance Talent Models for a More Volatile, Tech-Driven Market
Why Insurance Telematics Integrations Fail
Unpacking a Consumer Intervenor’s Novel Idea
Homeowners insurance is one of the most heavily regulated industries in the United States. Regulations aim to protect consumers from arbitrary rates and unfair practices and ensure that insurers can ...
AI in Property/Casualty Insurance: Why Trusted Data Is the Missing Link
The Future of Knowledge in Insurance: From Training to AI-Powered Productivity
Executive Utterances: On Presenting
Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think
There has been much discussion in the insurance industry about artificial intelligence (AI) and how it can take on mundane, laborious tasks and complete them in a fraction of the time it would take a ...
How Carriers Are Pairing AI and Process Discipline to Drive Subrogation Outcomes
How One MGU Grew Fivefold When Capacity Fled Cat-Prone Property Markets
Slideshow: Carrier Management’s 2025 Top Editor’s Picks (Unlocked)
Happy New Year! We are unlocking 10 feature articles that we were proud to publish in 2025—my Editor's Picks for 2025. (Free access links to our reader picks—the 10 most-read feature articles of ...
Foreign Made Drones Will Be Banned in the U.S.
The U.S. Federal Communications Commission announced on Monday that it is banning imports of all new models of foreign-made drones and critical components, including those from China's DJI and Autel, ...
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth
Analysts' projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this ...
Irregular Safety Inspections Found as Building Fires Rise in Hawaii
Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires ...
A Practical Blueprint: The Five Plays of an Innovation Culture
Carrier Management’s 2025 Top Features (Reader’s Picks Unlocked)
Underwriters and actuaries are less worried about AI taking their jobs. But maybe claims professionals and insurance agents should be more worried. Those are the takeaways I pulled out of two of the ...
Demystifying the Data Landscape: Lake, Warehouse and Lakehouse Explained
What to Know About Trump’s Executive Order to Curtail State AI Regulations
President Donald Trump signed an executive order Thursday pressuring states not to regulate artificial intelligence. Trump and some Republicans argue that the limited regulations already enacted by ...
Artificial Intelligence on Trial: What Recent Lawsuits Reveal About Casualty Exposure
A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP
Data center operators are fixated on the "five nines" — an expectation that they'll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the ...
Evolving Trends in Coverage Litigation: What Carriers Need to Know
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir
American International Group (AIG) said it has teamed up with specialty insurer Amwins and asset manager Blackstone to launch a Lloyd's syndicate, using its relationship with Palantir to assist in ...
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’
In a Christmas court filing, Howden US filed its response to a request by rival Brown & Brown for a temporary restraining order, saying the recent exodus of Brown & Brown employees to Howden ...
7 Years of Double-Digit Growth; New Players on Top 25 E&S Insurers List
2024 marked the 7th straight year of double-digit growth for the U.S. excess and surplus lines market, but the top 25 players no longer command 70 percent of the pie, according to a new report. AM ...
Los Angeles Angels Settle Lawsuit With Pitcher Tyler Skaggs’ Family Over Fatal Overdose
The Los Angeles Angels reached a confidential settlement Friday with the family of late pitcher Tyler Skaggs after a lengthy trial that detailed drug use by players. The two-month trial centered on ...
California Department of Insurance May Revoke Tesla Insurance Licenses
Elon Musk once promised that the "nightmare" experience of auto accident claimants would turn into a dream with Tesla Insurance. It hasn't, according to California's insurance regulator. Alleging ...
Hong Kong Fire Reveals Contractor Safety Breaches, Residents’ Revolt
Homeowners at the complex destroyed in one of Hong Kong's deadliest fires were incorrectly told by the contractor blamed for the blaze had a clean safety record, documents viewed by Reuters show. ...
Why Reciprocal Insurance Exchanges Are Back in Fashion
Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown
Truck drivers are encountering a new risk on the highway: Law enforcement officers are empowered by the Trump administration to pull them off the road if they fail an English test. The government ...
The Good Neighbor
Executives on the Move at HSB, American Modern Insurance Group, AIG
U.S. P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed
Earlier this month, AM Best provided its initial tally of year-to-date financial results for U.S. property/casualty insurers, reporting a $34.9 billion net underwriting gain through the first nine ...
Water Leaks, Frozen Pipes Top List of Small Business Claims: The Hartford
Damage from water leaks and frozen pipes are the most common insurance claims for small-business owners, while fire claims are the most expensive, according to an analysis of The Hartford's ...
MGAs by the Numbers: Fronting Biz, Non-Affiliated MGAs Drive Growth
Direct premiums written by U.S. managing general agents jumped to over $114 billion in 2024, according to the latest installment of an annual research series on the MGA market. The report titled ...
Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs
As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations ...