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Litigation, cyber risks dominate D&O insurance decision: Willis report
[ad_1] For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue. …
Term life policies rise as others decline
[ad_1] Seniors propel market growth The most striking trend emerged in the senior population, with ages 71 and older experiencing remarkable expansion. This age group posted a substantial 21.2% year-over-year increase in life insurance applications, marking the second consecutive month of double-digit growth. Immediately preceding this bracket, individuals aged 61-70 also demonstrated positive momentum, registering…
NAIC says new RBC task force to convene at spring meeting
[ad_1] The ACLI has supported a transparent, data-driven approach to RBC processes, Haughawout said, adding that the task force is well-positioned to advance this effort. She also noted that the task force’s first organization call had more than 300 participants, reflecting significant interest in its work. [ad_2] Source link
The Best Insurance Companies to Work for in the USA | Top Insurance Employers
[ad_1] Details matter for the best insurance companies to work for in America. In the current era, employees have options to move and are empowered to voice dissatisfaction as they deal with a hard market, rising prices, and relentless sales quotas. “It’s important to understand we’re still in a competitive labor market and you have…
New York Senate bill proposes home insurance discounts for completing certified safety courses
[ad_1] Under the proposal, a “residential home safety and loss prevention course” is defined as a program that offers instruction on minimizing personal injuries and property losses from fire, theft, burglary, accidents, and weather-related events, including hurricanes, ice storms, and tornadoes. [ad_2] Source link
Aspen Insurance releases first quarter financial results
[ad_1] Underwriting results were similarly impacted, with underwriting income dropping to $27.2 million, from $89.5 million in Q1 2024. The catastrophe loss ratio saw an increase, reaching 13.0%, compared to 4.9% in the previous year. This contributed to a higher combined ratio of 96.1%, compared to 86.6% in the same quarter of 2024. [ad_2] Source…