Industry News
Personal Lines Results Drive U.S. P/C Insurance 9-Month Underwriting Profit
Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 ...
Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy
The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate ...
Grief, Then Confusion: Questions of Motive Emerge in UnitedHealthcare CEO’s Killing
UnitedHealth Group's investor day turned from an ordinary corporate meeting in a midtown Manhattan hotel to a scene of stunned grief quicker than the health insurer could even react. "It was ...
Executives on the Move at Liberty Mutual and Hippo
Liberty Mutual Insurance has named Marc Orloff as president of Global Risk Solutions (GRS) North America, effective Jan. 1, 2025. Reporting to GRS President Neeti Bhalla ...
Feature-Integrated Apps Drive Rising Customer Satisfaction With Digital Claims Process: J.D. Power
Digital claims reporting outperforms phone-based communications, according to a new J.D. Power study conducted in collaboration with Corporate Insight. New features and mobile app refinements by auto ...
Indictment Filed in $250M Offshore Insurance Scheme
A New York-based insurance agency is alleged to have issued more than 40 unauthorized insurance policies providing more than $250 million in coverage to clients while the company's equity was less ...
AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’
AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, ...
WTW to Return to Treaty Reinsurance Broking via Bain Capital Joint Venture
WTW announced it will return to treaty reinsurance broking via a joint venture with the private investment firm Bain Capital. WTW will hold a minority share in the new company, said WTW in an ...