Alliant Insurance Services has added Roland Graham-Helwig as Senior Vice President to its growing team in the Bay Area. Graham-Helwig has extensive expertise in designing and managing domestic and global risk solutions for a diverse client base in the U.S. and abroad. “Roland’s broad skill set and expertise creating risk solutions for clients across multiple… Continue reading Roland Graham-Helwig Joins Alliant Insurance Services’ Bay Area Team
Author: Farkas Laura
Liberty Partners with Shore Tompkins Actuarial Resources
The Liberty Company Insurance Brokers (Liberty) is proud to announce its recent partnership with Shore Tompkins Actuarial Resources (Shore Tompkins) of Chicago, Illinois. Led by Neil M. Shore, ASA, EA, MAAA and Kathleen J. Tompkins, MSPA, EA, MAAA, Shore Tompkins is a leader in the design and administration of all major types of retirement and… Continue reading Liberty Partners with Shore Tompkins Actuarial Resources
USI Insurance Services Acquires Ames-Grenz Insurance Services
USI Insurance Services (“USI”), a world leader in risk management, employee benefit and retirement consulting, today announced the acquisition of Sacramento, California-based employee benefits brokerage and advisory firm, Ames-Grenz Insurance Services, Inc. Terms of the transaction were not disclosed. Commenting on the announcement, Ames-Grenz CEO, Larrie Grenz, stated: “Over the last 54 years, Ames-Grenz has… Continue reading USI Insurance Services Acquires Ames-Grenz Insurance Services
Nearly 80 Million U.S. Properties Face Wildfire Risk, New Study Says
Nonprofit research firm First Street Foundation released its own wildfire risk model Monday, citing that nearly 80 million U.S. residential and commercial properties face some risk of wildfire damage in the next 30 years. According to Matthew Eby, executive director of the nonprofit First Street Foundation, the model is the first attempt to make property-level… Continue reading Nearly 80 Million U.S. Properties Face Wildfire Risk, New Study Says
Cyber Prices ‘Need to Come Up and Stay Up’: Advisen Panel
More insurance buyers than ever face challenges in finding cyber coverage, but industry players speaking during Advisen’s Cyber Risk Insights Conference in London say a return to pre-2019 low prices won’t happen. Thinking of the cyber market in terms of peaks and valleys isn’t useful, according to Michael Shen, head of cyber and technology for… Continue reading Cyber Prices ‘Need to Come Up and Stay Up’: Advisen Panel
Hippo Experiences 25% YoY Growth in Q1 2022
Hippo, the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2022. “We’re excited by the progress reported today, achieving significant growth while delivering our best quarterly gross loss ratio since our public listing,” said Hippo co-founder and CEO Assaf Wand. “We… Continue reading Hippo Experiences 25% YoY Growth in Q1 2022
Michael Cusack Named EVP, Alliant Specialty
Alliant Insurance Services has announced that Michael Cusack has been promoted to Executive Vice President, Alliant Specialty. In this role, Cusack will be responsible for the operational, financial and strategic growth initiatives for all of Alliant’s 13 specialty groups. Cusack takes over the role from Peter Arkley, who was recently promoted to the newly created… Continue reading Michael Cusack Named EVP, Alliant Specialty
Florida’s Insurance Crisis Spreads to Condos
Up and down the Florida coast, condo owners are waking up to a new reality as insurance rates rise, and coverage declines. The change in rates comes in the wake of last June’s collapse at the Champlain Towers South in Surfside, a collapse that killed almost 100 people. “We received a new quote and… Continue reading Florida’s Insurance Crisis Spreads to Condos
Report: Reducing Air Pollution in North America & Europe Contributes to More Hurricanes
A new NOAA study published today in the journal Science Advances about four decades of tropical cyclones reveals the surprising result that reducing particulate air pollution in Europe and North America has contributed to an increase in the number of tropical cyclones in the North Atlantic basin and a decrease in the number of these… Continue reading Report: Reducing Air Pollution in North America & Europe Contributes to More Hurricanes
P/C Carriers Hit By Inflation, Supply Chain and Riskier Driving Behavior
The property/casualty insurance industry saw the 2021 net combined ratio increase to 99.5, 0.8 points higher than 2020, driven by deterioration in the personal auto and, to a lesser extent, the workers compensation lines. Homeowners, Commercial Auto, Commercial Multi-Peril and General Liability were the product lines with significant improvement year-over-year. According to the latest underwriting… Continue reading P/C Carriers Hit By Inflation, Supply Chain and Riskier Driving Behavior