Florida’s insurance industry comes out swinging for MGAs

“The only way for AI to be successful in the organization, beyond being a tool that people use to write things and query, is if you prepare for it,” Schreiber said. “AI, like people, needs to be trained. It needs feedback. It needs to be managed. It needs people looking over its shoulder and saying…

“We have deep respect for MSI developed over years of collaborating with them through the company’s reinsurance operations,” said Rob Berkley, president and CEO of W.R. Berkley. “Their significant investment is a validation of our company’s performance and growth trajectory, and we welcome the opportunity to leverage their international presence to create sustainable stockholder value.”…

Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link

The insurer, part of Berkshire Hathaway Insurance Group, currently employs nearly 3,800 workers across Florida, primarily in Jacksonville and Lakeland. Geico said the expansion is part of its ongoing commitment to modernize operations and grow its business. Source link

However, during the hearing, Zurich disclosed that approximately 15 to 20 employees handled war-risk claims. Judge Corley directed the primary insurers to query those individuals about any prior claims involving vessel seizures, captures, or detainments, and to share their findings with Chevron. Source link

The proposal was submitted by Green Century Capital Management Inc., on behalf of the Green Century Equity Fund. The group argued that many of Chubb’s industry peers, including Travelers, American International Group, and Hartford, have gone “beyond their legal disclosure obligations” to provide a more complete picture of their financed and insured emissions. Source link