Liberty Mutual Insurance announced that Chairman and CEO David H. Long will retire at the end of 2022 and serve as Executive Chairman of the Board of Directors. The Board of Directors of the organization named Timothy M. Sweeney Chief Executive Officer, effective January 20, 2023. He also joins the Board of Directors, effective immediately.… Continue reading Liberty Mutual Chairman and CEO to Retire
Author: Farkas Laura
USG’s Jennifer Kessel Selected As a 2022 Elite Woman by Insurance Business America
Jennifer Kessel, Vice President of Operations, USG, has been selected as a 2022 Elite Woman by Insurance Business America. With 10 years of industry experience, Jennifer Kessel is responsible for corporate operations and expansion, retail agency strategy, and management and development of carrier relationships. She has been an active member of the Insurance Club of… Continue reading USG’s Jennifer Kessel Selected As a 2022 Elite Woman by Insurance Business America
Commercial Insurance Rates Up an Average 6% in Q1, Says WTW
According to WTW’s most recent Commercial Lines Insurance Pricing Survey, commercial property/casualty insurance prices rose an average of 6% in the first quarter of 2022, down one point from the previous quarter (CLIPS). Aside from workers’ compensation, buyers in all lines faced price increases, according to the broker. The 6% aggregate price change returns the… Continue reading Commercial Insurance Rates Up an Average 6% in Q1, Says WTW
Senators Propose Sweeping Oversight in the Wake of Crypto Turmoil
Following a series of high-profile busts and failures, a bipartisan pair of senators has unveiled what would be the most comprehensive legislative proposal to regulate cryptocurrencies and other digital assets. However, it is unclear whether the bill proposed by Senators Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., will be able to pass through Congress, especially… Continue reading Senators Propose Sweeping Oversight in the Wake of Crypto Turmoil
Cyberattack at MA-Based Health Care Organization May Have Impacted 2 Million People
According to officials, a cyberattack on a Massachusetts-based health care organization may have compromised the personal information of up to 2 million people. Shields Health Care Group Inc., which provides imaging and ambulatory surgical services at dozens of locations, announced Tuesday on its website that data including names, Social Security numbers, dates of birth, and… Continue reading Cyberattack at MA-Based Health Care Organization May Have Impacted 2 Million People
Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance Purchases
A Swiss Re Institute survey of 11,000 consumers worldwide conducted two years into the COVID-19 pandemic found that the pandemic has resulted in a greater focus on health and financial security. This has led to an increase in online insurance purchases as well as a greater willingness to share personal health data, particularly among the… Continue reading Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance Purchases
Munich Re Offers New Validation Service for Trustworthy AI
With its new CertAI validation service, Munich Re is increasing the acceptance of artificial intelligence (AI), paving the way for the responsible use of AI applications. Companies from a wide range of industries are currently investing in the development and deployment of AI in order to generate promising business opportunities. However, many people continue to… Continue reading Munich Re Offers New Validation Service for Trustworthy AI
California Insurance Wholesalers Association (CIWA) Launches Reimagined Annual Summer Event
The California Insurance Wholesalers Association (CIWA), a professional trade association focused on California E&S insurance wholesalers, carriers and supporting entities, is pleased to announce an arrangement to bring CIWA members and affiliates of the Western States Surplus Lines Conference together for an exclusive, annual summer event. The Summer Forum 2022 will take place in Monterey,… Continue reading California Insurance Wholesalers Association (CIWA) Launches Reimagined Annual Summer Event
Pressure Growing to Remove PFAS from Fast Food Wrappers
Brenda Hampton first came across the toxic industrial compound PFAS after finding it was part of the cocktail of contaminants that tainted the drinking water in her North Alabama community. Hampton, who believes the contaminated water contributed to kidney problems she and other residents suffer, soon learned the chemicals were found in another source that… Continue reading Pressure Growing to Remove PFAS from Fast Food Wrappers
Gymnasts File $1 Billion in Claims Against FBI for Mishandling of Larry Nassar Investigation
More than 90 women and girls, including star gymnasts who raised concerns about Larry Nassar in 2015 but were ignored by the FBI, filed administrative tort claims against the agency on Wednesday, seeking a total of $1 billion. The claimants include Simone Biles, McKayla Maroney, Maggie Nichols, and Aly Raisman, the elite gymnasts who were… Continue reading Gymnasts File $1 Billion in Claims Against FBI for Mishandling of Larry Nassar Investigation