The latest driving behaviors survey from Nationwide polled standard drivers and commercial drivers and revealed additional risky behaviors that are impacting all drivers on the road.
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U.S. Directors & Officers Insurance Improved Results Likely Unsustainable
The U.S. Directors and Officers (D&O) liability insurance segment’s favorable statutory underwriting performance of 2023 is not likely sustainable amid declining premium revenues from lower premium rates, as well as the segment’s inherent underwriting volatility related to changes in litigation activity, defense costs and settlement trends, Fitch Ratings says.
Generali Completes Acquisition of Conning
Conning Holdings Limited, a leading global asset manager serving the needs of insurance company and institutional clients, today announced that its acquisition by Generali Investments Holding S.p.A. (GIH), an entity comprising the majority of asset management activities of Generali Group (Generali), has closed.
Eighth Regional Insurer Approved for Florida Market
Florida has added an eighth regional company to write homeowners coverage, a sign of confidence in the marketplace now that the state has insurance-friendly regulations in place.
Hub International Enhances Commercial and Personal Insurance Capabilities with Sale Insurance Agency, Inc. in Florida
Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today the acquisition of the assets of Sale Insurance Agency, Inc (Sale Insurance).
DOXA Enters New Markets with International Hole in One Acquisition
DOXA Insurance today announces the acquisition of the International Hole In One Association’s (IHIOA) suite of companies.
USQRisk Taps Underwriting Veteran Ashleigh Sears as Head of Casualty
USQRisk, the international managing general agent specializing in alternative risk transfer and unique risk solutions, has hired Ashleigh Sears as the company’s Head of Casualty.
Container Ship Owner, Manager Seek Legal Shield Against Baltimore Disaster Claims
The owner and manager of a container ship that crashed into the Francis Scott Key Bridge in Baltimore filed a petition in a Maryland federal court in an effort to head off potential liabilities of up to $43.7 million as an investigation gets under way to determine the cause of the disaster.
2024 Survey Reveals Crucial Ethical AI Adoption Challenges in Insurance Industry
In a groundbreaking exploration of AI in insurance, the 2024 Ethical AI in Insurance Consortium Survey has uncovered a critical juncture for insurers: while 80% of companies are either already using AI for business decisions or plan to do so within the year, they encounter substantial challenges pertaining to cost, data quality, and bias.
Swiss Re CEO Mumenthaler to Step Down After 25 Years at the Firm
Swiss Re AG Chief Executive Officer Christian Mumenthaler is stepping down after a quarter of a century at the world’s second-largest reinsurer.