Insurers Heavily Exposed to Impact of Climate Change: Global Watchdog
Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of ...
Industry News
Georgia and Pennsylvania Share Top Spot on ATRF’s Latest Judicial Hellholes List
The American Tort Reform Foundation (ATRF) on Tuesday released its 2023-2024 Judicial Hellholes report, with two jurisdictions sharing the top spot for the first time in ...
As Repair Times Lag, Insurers Manage Customer Expectations Digitally: J.D. Power
Digital communications channels have become the key to maintaining customer satisfaction throughout the claims process as the average auto repair cycle time has doubled over the past two years—now ...
NAIC Approves Model Bulletin on Use of AI by Insurers
Members of the National Association of Insurance Commissioners (NAIC) voted to adopt the Model Bulletin on the Use of Algorithms, Predictive Models, and Artificial ...
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
Brinson Caleb "BC" Silver, former chief marketing officer for InsurTech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating ...
Hillary Clinton Calls for Reform of Insurance Sector at COP28 Climate Talks
Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly withdrawing assistance against ...
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 ...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure ...
Leadership Changes at The Hartford, Markel
The Hartford said it will head into 2024 with new heads of commercial and personal lines and announced additional leadership changes. Markel announced that president of global insurance operations is ...