Admiral Group to divest US motor insurance operations

The senator argued that a moratorium would bring all stakeholders to the table to develop a model for addressing LTC insurance issues, which extend beyond Connecticut. The industry has faced significant challenges due to underwriting miscalculations in the 1990s and 2000s, rising medical costs, an aging population, and longer lifespans, according to state and federal…

While plaintiffs’ attorneys have evolved, adapting their trial tactics to maximize awards, defense lawyers remain stuck in the past, according to Tyson. The insurance industry’s response to litigation risk, i.e. building litigation management departments focused on controlling expenses, has done nothing to address the real enemy. It’s a miscalculation, Tyson believes, that’s costing carriers billions….

At CH Insurance, COLLABORATION stands at the forefront of our values, a key part of the team’s foundation. “It supports everything we do,” explains Joe Convertino, Jr., President of CH Insurance. “Both our clients and carrier partners can trust that no matter what, we’re in their corner. This commitment to leveraging our collective talents and…

“We are not very good in terms of being the fastest or the first mover,” Jain said, adding that Berkshire prefers to “wait and see until the opportunity crystallises.” His remarks suggest that the conglomerate, which is currently navigating profit pressure and a major leadership transition, is unlikely to make large-scale AI bets any time…

In this roundtable special of Insurance Business TV, join Tokio Marine HCC Cyber and Professional Lines Group’s  Dan Crane and Eugene Eychis as they examine the impact of AI on cyber insurance. They look at the ways in which AI is currently enhancing risk assessment, strategies to mitigate its risks and the emerging technologies they…

The rate adjustments will affect approximately 148,000 policyholders. The first increase will take effect on Sept. 1, with the second set to begin on Aug. 31, 2026. Under the terms of the agreement, insurers cannot request another rate increase until Sept. 1, 2027, the insurance department said. Source link