Industry News
Executives on the Move at AXA XL, Chesapeake, AIG, Aon
AXA XL appointed Matt Rodliff as chief claims officer, Americas, effective July 13. Rodliff succeeds Jim DiVirgilio, who has announced his retirement effective at the end of July. DiVirgilio served ...
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI
Allianz SE plans to eliminate hundreds of positions at its assistance and travel insurance subsidiary Allianz Partners as the company pushes forward with implementing artificial intelligence ...
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter's wealthy Palm ...
Changes in Policy Language, Provisions Suppressing Claim Volume: Report
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, a new report shows. What's driving the trends isn't ...
Sompo Acquiring Workers Comp Writer Service Insurance Companies
Sompo International Holdings Ltd. announced a definitive agreement for one of Sompo's U.S. subsidiaries to acquire Service Insurance Companies, a U.S. workers compensation insurance specialist. ...
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
Insurance broker Hub International Holdings Inc. is seeking to raise about $3 billion in its initial public offering, according to people familiar with the matter. The Hellman & Friedman-backed ...
Register: Risky Future AI Tools for Underwriting ‘Demo Day’ on July 8
Insurance Journal's Risky Future series is hosting the "AI Tools for Underwriting" Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Specialty Program ...
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders?
One out of every 50 employees working at a group of 30 large insurers is an AI specialist, according to an analysis published by a benchmarking firm, which ranks Allianz, AXA and Chubb as AI talent ...