PetroSure, a highly specialized multi-line coverage program for the onshore oil and gas industry, has partnered with AmTrust Specialty Programs to provide industry-focused workers’ compensation coverage.
Author: Annie George
QBE Cites Higher Rates, Premium Growth as 2023 Profit Doubles
QBE Insurance Group Ltd. cited renewal rate increases and targeted growth as its net profit for 2023 more than doubled.
FBI Director Says China Cyberattacks on U.S. Infrastructure Now at Unprecedented Scale
As intelligence chiefs and policymakers gathered for this city’s annual security conference focused on the wars in Ukraine and the Middle East, the director of the Federal Bureau of Investigation urged them not to lose sight of another threat: China.
ReSource Pro Strengthens Insurance Carrier Commitment with Key Executive Appointment
ReSource Pro, a trusted operations and transformation partner for insurance organizations, today announced the appointment of Ernie Feirer to the position of senior vice president, carrier practice.
Allstate Estimates $325M in Incurred January Catastrophe Losses
Allstate Corp. said it incurred an estimated $325 million in catastrophe losses in January, partially offset by favorable claims reserve reestimates.
Microsoft, OpenAI Fighting Foreign Hackers Utilizing AI in Attacks
Microsoft and OpenAI said Wednesday that artificial intelligence tools are being used by foreign government hackers to improve their cyberattacks.
Allstate Hikes Auto Insurance Prices by 30% in California
Allstate customers in the Golden State will have to pay more to insure their vehicles with the company.
Howden Enters Captive Management Market with ARM Acquisition
Howden Group said it will acquire ARM Group Holdings Ltd., the parent of Alternative Risk Management, giving Howden an in-house captive manager and greater international reach.
USQRisk Promotes Harrington-Jones to Chief Operating Officer
USQRisk, the international managing general agent specializing in alternative risk transfer and unique risk solutions, announced today the promotion of Tony Harrington-Jones to chief operating officer.
Despite Heightened Risks, Casualty Reinsurance Renewals See Modest Price Changes
Reinsurers generally maintained adequate capacity for casualty programs during the January reinsurance renewal season, despite concerns about social inflation and recent reserve strengthening actions, according to a new AM Best commentary.