Industry News
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be ...
What Industry Executives Are Saying About Loss Reserves, Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the "problematic accident years" and lines of ...
Survey: Tech, Data Privacy, Climate are Just Some of the Complex Issues Carriers Face
Social inflation, hybrid work arrangements, regulatory changes and technological advances are just some of the challenges facing carriers today, according to a new report by Gallagher Bassett. ...
The Latest Launches From Rainbow, Blink, Hub
Rainbow, a digitally-enabled managing general underwriter building tailored small business insurance products, announced the launch of its admitted restaurant insurance program in the state of ...
Small Business InsurTech Coterie Announces $27M Funding Round
Coterie, an InsurTech managing general agent focused on small business insurance, announced a raise of $27 million in new capital investment. The oversubscribed round includes new investment from ...
CEO of Florida’s Citizens Pushes Back on Lawmaker’s Solvency Questions
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments ...
Tokio Marine Has $10 Billion for Potential Acquisitions: Executive
Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese ...
State Farm Update: More ‘Difficult but Necessary’ Decisions in California
State Farm wasn't quite done making tough decisions about writing business in California when it announced that it wouldn't accept applications for new homeowners policies in the state in May of last ...