Attorney sanctioned for creating sham trucking entity to sue insurer

Urban properties in higher-crime areas present more potential for tenant or guest injuries and incidents. Older multi-family buildings with outdated infrastructure can lead to slip-and-fall accidents, fire hazards, or structural failures.  Short-term rentals often have high guest turnover, less oversight, and an increased likelihood of property misuse or injury.  Properties with…

The survey, which gathered responses from 500 senior executives worldwide, found that 65% identified cyber attacks as the primary reputational risk, up from 52% in 2023. Environmental concerns followed closely, cited by 64% of respondents, also a rise from 52% the previous year. Source link

In January 2020, he was named managing executive of global strategy, supporting underwriting operations across the company. Since becoming president of Markel International in 2021, the division has seen a nearly 40% increase in gross written premiums and a more than 250% rise in net underwriting profit. Before joining Markel, Wilson led the Lloyd’s Asia…

Attracting and retaining younger generation | Insurance Business America Lines of Business Insights Attracting and retaining younger generation The California Surplus Lines Market Index highlights the sector’s resilience and adaptability, even amid economic and environmental challenges. These trends serve as both a gauge of market health and a strategic tool for shaping policy offerings, pricing…

However, reinsurance can also be a driving force behind premium increases and market restrictions. When reinsurers experience heavy losses from natural disasters, economic downturns, or global events, they adjust their rates and underwriting requirements to compensate. These increased costs trickle down to primary insurers, who, in turn, raise their rates to offset the higher reinsurance…

Meanwhile, Ardonagh’s 2024 Sustainability Report outlined progress on environmental, social and governance (ESG) initiatives, including over $7 million raised by its registered charity, ACT, and key milestones in its community grant and colleague match-funding programmes. Source link