Following a costly 2023 severe convective storm season, Gallagher Re’s Josh Knapp, Executive Vice President, Broking, National, has noted that reinsurers are proving less willing to provide aggregate covers for regional property cat risk, though their overall appetite “remains healthy.”
Author: Annie George
Companies Hit with $5B in SEC Penalties in FY 23
The Securities and Exchange Commission filed 784 enforcement actions, obtained $4.949 billion in monetary relief, including almost $1 billion returned to investors, and processed more than 18,000 whistleblower tips, the agency says in its fiscal year 2023 enforcement report.
Successful Change Management Pivotal to Achieving Higher Revenue Growth, WTW Research Finds
Companies that take a proactive approach to change management drive nearly 3 times more revenue than companies with below-average change effectiveness.
The State of Digital Payments in P&C Insurance: ReSource Pro Report
Across the board, consumers are increasingly demanding digital payment options.
Why Strong Carrier Partners Are a Must in a Hard Market
The hard insurance market for many product lines continued throughout 2023, with rate pressure, underwriting scrutiny, and capacity restrictions expected into 2024. A strong partnership with your carriers is essential for agents to navigate this hard market, help clients get the insurance protection they need, retain business, and gain new customers.
Amwins Completes $1 Billion Recapitalization Transaction
Amwins Group, Inc., the largest P&C wholesale broker and global distributor of specialty insurance products and services in the U.S., announced the completion of a significant recapitalization transaction with its existing shareholder group.
Two Former NBA Players Are Convicted Over Roles in Health Care Fraud
A federal jury in Manhattan on Wednesday convicted two former National Basketball Association players over their roles in a scheme to defraud a league healthcare plan into paying millions of dollars for bogus medical procedures.
Great Plains Casualty Implements INSTANDA to Help Achieve 8X Growth Factor
INSTANDA, the global provider of no-code insurance platform technology, is proud to announce its role in partnering with Great Plains Casualty Insurance to power the carrier’s commercial trucking package.
W. R. Berkley Corporation Names Christopher H. Balch President of Berkley Technology Underwriters
W. R. Berkley Corporation today announced the appointment of Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succeeds Matthew A. Mueller, who has been named chairman of the business.
Verisk Launches Solution for Insurers to Assess Underwriting Models and Variables for Unfair Discrimination
Insurers now have a proven method to help assess their pricing models for unfair discrimination against certain protected classes, like race.