Britannia Group CEO to step down

“We envision a future, not a distant one, where many of our colleagues are AIs. Imagine an actuary who can join a Zoom call anytime, 24/7, with access to all of Lemonade’s historical and real-time data,” he told the audience of insurtech and insurance leaders in London. Source link

However, the appeals court dismissed this part of the appeal. Writing for the court, Presiding Judge Tookey noted that no formal judgment had been entered against Hartford on the breach of contract claim, making the denial of summary judgment for prejudgment interest not appealable. Moreover, the court emphasized that under Oregon law, denials of summary judgment…

Thousands of new positions opening up in new service centers Source link

David Lewis, managing director at Kroll, said that financial institutions must keep pace with evolving threats, as illicit actors continuously adapt. Brent Tomlinson, co-president of risk advisory at Kroll, adds that professionals in the sector face increasing uncertainty, requiring strategic decision-making. Source link

Umbrella and excess coverage, along with commercial auto, saw the most significant increases Source link

David Appel, an economist serving as a consultant for State Farm General, said denying the rate request could affect the company’s ability to continue operating in the California market. He recommended allowing the increase on an interim basis, with a full rate hearing to follow to evaluate whether the emergency adjustment was warranted. Source link