In specialty insurance, renewal pricing was stable or slightly lower. US casualty rates remained generally flat or slightly increased, influenced by cedents’ loss histories, reserve

Gallagher Re has announced the promotion of Ben Wathen (pictured above) to chief claims officer. In this role, Wathen will lead the company’s Global Claims

State Farm’s decision, which affected thousands of residents, was part of a broader strategy made in the first half of 2023 and 2024 to reduce

However, such losses may pressure weaker capitalized companies and increase reinsurance costs, which will also further strain the system that has seen many insurers leave

“Casualty lines will likely keep rising, particularly for challenging risks like habitational business, heavy auto, and wildfire-exposed accounts. However, capacity still exists at certain attachment

The state’s lawsuit seeks a court ruling that the practices were unlawful and demands that all collected data, including any held by third parties, be

The California FAIR Plan has a significant presence in areas affected by wildfires. Pacific Palisades, one of the regions impacted by recent fires, accounted for

Donald Light // January 14, 2025 (Image source: California Department of Forestry and Fire Protection.) As I write this blog on Friday January 10, there

Anthony R. O’Donnell // January 13, 2025 (Image source: Microsoft Azure Marketplace homepage.) Sapiens International Corporation (Holon, Israel), a global provider of intelligent insurance software solutions

Anthony R. O’Donnell // January 9, 2025 (Photo by author.) Deep Vector (New York), an AI platform for analyzing underwriting documents, has announced the closing