Profession (Parent)

U.S. P&C Insurers Post Significant Underwriting Gain in H1 2024

Rebounding from a $24 billion loss, the U.S. property & casualty insurance industry posted a $3.8 billion net underwriting gain in H1 2024.

Workers’ Comp Profits May Decline, Fitch Reports

Outdated Tech Edges Cyber Risk as a Business Concern

Todd Cormier Joins Alliant Insurance Services as Senior Vice President

Chris Mast Joins Alliant Insurance Services as Senior Vice President in Employee Benefits Group

Recently in Profession (Parent)

U.S. P&C Insurers Post Significant Underwriting Gain in H1 2024

Rebounding from a $24 billion loss, the U.S. property & casualty insurance industry posted a $3.8 billion net underwriting gain in H1 2024.

Workers’ Comp Profits May Decline, Fitch Reports

Fitch Ratings report suggests workers’ comp insurance may see declining reserve strength after nine years of underwriting profits.

Outdated Tech Edges Cyber Risk as a Business Concern

Outdated tech and AI innovations pose increasing risks for global businesses, while cyber concerns decline despite evolving threats, a Beazley report finds.

Todd Cormier Joins Alliant Insurance Services as Senior Vice President

The latest people news in the industry today.

Chris Mast Joins Alliant Insurance Services as Senior Vice President in Employee Benefits Group

The latest people news in the industry today.

Nick Williams-Walker Appointed as Group Chief Operating Officer at McGill and Partners

The latest people news in the industry today.

John Nahas Named Lockton’s Vice President of Cyber & Technology

The latest people news in the industry today.

From Pilot Programs to Full Implementation, Risk Control Requires a Strategic Approach

Even the most promising technology will not be effective without a company’s commitment to using it.

6 Key Workers’ Compensation Safety and Data Analysis Considerations

A recent study by Travelers revealed that 35% of workplace injuries occur during an employee’s first year on the job, resulting in more than 6 million missed workdays.

U.S. Insurers Face Increasing Ratings Downgrades

Amid economic headwinds and shifting risks, U.S. insurers face diverging credit rating trends across key market segment, AM Best reports.

Court Rules Former Parent Can’t Release Ex-Subsidiary’s Insurance Rights

New Jersey court rules company lacked authority to release a former subsidiary’s rights to pollution coverage without consent.

7 Questions About Supply Chains and Logistics for Janelle Griffith of Marsh Specialty

“In the supply chain, there’s a significant push for increased visibility, which involves using technology to see beyond the first level down to the second, third, or even fourth tier. This integration between conveyances allows for tracking, tracing and predictive analytics.”

Social Inflation Drives 57% Surge in US Liability Claims Over a Decade

Litigation costs drove a 57% increase in US liability claims over the past decade, reaching an annual peak of 7% in 2023, Swiss Re reports.

Kansas State University’s Elliott Young on His Journey into Higher Education Risk Management

Through the lens of enterprise risk management, Elliott Young finds opportunities to make post-secondary students safer.

U.S. Commercial Insurance Prices Rise 5.9% in Q2 2024

Commercial insurance prices rise moderately in Q2 2024, with some lines seeing decreases, according to WTW data.

Business Owners Worry Severe Weather Will Overwhelm Insurance

Gallagher finds a growing number of companies are investing in resilience to mitigate risk and lower insurance costs

Insurers, Brokers Expect Market to Close Cyber Insurance Gaps

Surveys by APCIA and CIAB reveal cyber insurance market trends, challenges, and coverage gaps.

Amelie Fava-Verde Appointed as Senior Vice President of North America, Chubb Resilience Services

The latest people news in the industry today.

Josh Korzon Steps Up as Chief Operating Officer for the Northeast at Lockton

The latest people news in the industry today.

Jared Wise Named Chief Risk Officer at Penn State

The latest people news in the industry today.