Industry News

Insurance Journal

Liberty Mutual Insurance Continues Restructuring of Global Risk Solutions Unit

Apr 19, 2024 Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global...

UK Finance Watchdog Plans on Diversity Targets a ‘Bad Idea,’ Minister Says

Apr 19, 2024 Plans by Britain’s financial regulator to require firms to set targets for improving diversity could be counterproductive, UK business and...

Time-Tested Loss Reserving Methods Challenged: AM Best

Apr 19, 2024 Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident...

Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers

Apr 19, 2024 With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes...

Claims Journal

Coverys Names Farrell Senior Vice President of Claims

Apr 19, 2024 Coverys named Brian J. Farrell Jr. senior vice president of claims. Farrell was most recently vice president of claims at Chubb, where he was responsible for differentiating...

Zurich, Philadelphia, Others Ordered to Pay $345M to Cover Abuse Charges at Georgia School

Apr 19, 2024 Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual...

Brooklyn Catholic Diocese Settles with New York AG for Mishandling Clergy Sex Abuse Cases

Apr 19, 2024 New York Attorney General Letitia James announced an agreement with the Roman Catholic Diocese of Brooklyn to address years of reported...

The Cars of The Future Are Arriving. How Can Auto Insurance Adapt? It’s Complicated.

Apr 19, 2024 When cars began to hit American roads in great numbers a little more than a century ago, they did more than create a sense of freedom (and,...

Best's Reviews

Resolve Marine Picks McGill as Baltimore Container Ship Salvage Broker

Apr 18, 2024 Broker McGill and Partners has been appointed as insurance broker for lead salvor Resolve Marine in the wake of the container ship MV Dali's...

Generali Approves New Organizational Structure

Apr 18, 2024 The board of directors of Generali said it has approved a new organizational structure to reflect the group’s main activities, as proposed by Philippe Donnet, group...

MGA Macquarie Insurance Facility Gets Approval as Lloyd's Coverholder in Expansion

Apr 18, 2024 Managing general agent Macquarie Insurance Facility has been approved as a Lloyd's coverholder and will partner with Mosaic...

California Bill Would Require Insurers to Consider Fire Mitigation When Setting Coverage, Rates

Apr 18, 2024 The American Property Casualty Insurance Association is urging California lawmakers to slow down on legislation that...