The world’s polluted air – is it a risk for insurers?

At the same time, UFG has embraced technology to navigate this turbulent landscape. Advanced catastrophe modeling, in particular, has reshaped the company’s ability to assess risk. “We’ve improved data capture and integrated new CAT modeling tools, allowing us to better analyze exposure and decide where we want to grow,” Salazar said. The models blend internal…

The dispute began after 18 former Scouts filed suit in 2012 against BSA and its Chicago-area council, alleging sexual abuse by Scout leader Thomas Hacker between 1980 and 1988. National Surety, which had issued excess liability insurance policies to BSA, filed a seven-count complaint in Illinois seeking a declaration that it had no obligation to…

Kashif Syed, HGIC’s chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates. Source link

“In times of economic uncertainty, having trusted insurance partners that are there to be with you through the good times and step in during the bad times is more important than ever,” said Graham Topol, co-founder and co-CEO of MGT Insurance. “We take our role very seriously — it’s more important for us to be…

Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. Source link

3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the discovery…