Industry News
Insurance CEOs Talk Gen AI, Growth, Workforce Strategies
A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by ...
Filling a Perceived Void, Aon Launches U.S. Severe Convective Storm Model
Just a few weeks after unofficially announcing that a new catastrophe model was in the works, Aon officially announced the launch of a model to analyze U.S. Severe Convective Storms this week. Paul ...
E&S Vet Miller and Team Launch MGA Pivix
Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Ariz.., ...
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe ...
Over 250,000 U.S. Properties Have Repeat NFIP Claims: Report
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data ...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it's not surprising that nearly 7 in 10 ...
Sir Charles Roxburgh Named Carnegie-Brown Successor as Lloyd’s Chair
Lloyd's of London, the insurance and reinsurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position ...
AIG Appoints Walsh EVP, Chief Financial Officer
American International Group announced that Keith Walsh will join the company as executive vice president, chief financial officer, effective Oct. 21, 2024.
Homeowners Not Satisfied, Just Stuck With Insurers: J.D. Power
Although Chubb, AIG, Amica and Erie outranked peers in the U.S. homeowners insurance market on measures of customer satisfaction, the compiler of satisfaction scores—J.D. Power—believes customers ...