Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O liability continued to fall during the first three months …
AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’ Read More »
Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains and Texas, including the oil-rich Permian Basin. A large low-pressure system is forecast to move across the central Great Plains, …
Critical Fire Conditions to Grip Texas’ Oil-Rich Permian Basin Read More »
Novatae Risk Group, headquartered in Dallas, named Nick Greggains as president. Greggains is a member of the executive leadership team focusing on improving underwriting discipline, developing and implementing growth strategies, managing relationships with key clients and overseeing operational excellence. Greggains …
People Moves: Novatae Risk Group Names Greggains President Read More »
Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.’s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia. Chubb plans to buy LMG Insurance Public Co. in Thailand and Liberty Insurance …
Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets Read More »
The Mountain West Conference said it is seeking mediation in the lawsuit the Pac-12 filed against it in an attempt to avoid paying $55 million in “poaching” fees for bringing five Mountain West teams into its own league. The Pac-12 …
Mountain West Conference Seeks Mediation Over $55M in Dispute in Poaching Suit Read More »
ATLANTA (AP) — Georgia’s state Senate wants to boost spending on Hurricane Helene relief even more, including creating a grant program that could provide aid to individuals. The state Senate voted 55-1 last week to pass House Bill 67, which …
Georgia Lawmakers Must Now Fix Differences on Bill to Boost Hurricane Helene Relief Read More »
Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April 1, 2025. The nonprofit company, which is the state’s insurer of last resort, also announced its highest-ever policyholder dividend of …
Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut Read More »
After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024 net income of $5.3 billion …
State Farm 2024 Underwriting Losses Shrink on Auto Results Read More »
Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that “lack of trust in the insurance industry” is a key barrier standing in the way. Economist Impact, a division of …
Consumer Trust Issues Hinder Industry Efforts to Close Protection Gap: Survey Read More »
This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re (PF Re) announced the appointment of Sherman Power to the newly created role of …
