Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link
Managing risk in a shifting market “Major industry headwinds such as social inflation, natural catastrophes, climate change, trade wars, tariffs, and regulatory changes are adding to the market uncertainty,” said Vince Gaffigan, executive vice president and director of risk consulting at Lockton. “Now, more than ever, businesses should be reevaluating their insurance programs to safeguard…
Mark Walls, formerly vice president of Client Engagement, has been named corporate senior vice president and chief marketing officer. Dan Berns, previously vice president of account services, will become corporate senior vice president of operations, overseeing account services and insurance compliance. Source link
Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link
Profit climbs, returns improve, and underwriting beats targets Source link
Dip due to heavy catastrophe losses and the Baltimore bridge disaster Source link
Pine Walk, founded in 2017, now supports 12 MGAs and provides underwriting, operational and regulatory frameworks for specialist insurance businesses. In 2024, the platform’s gross written premium grew 11% to $900 million, with expectations to exceed $1 billion this year. Source link
The report notes that tariffs, particularly those affecting the cross-border movement of construction materials, are expected to add further pressure to cost structures. Outside the United States, regional economic conditions are playing a key role. In Asia, growth is supported by both public and private investment, especially in energy and infrastructure. Source link
Advancement aims to enhance placement services and global client access Source link
Under the bill, service of process and official communications from the Insurance Commissioner may now be delivered via electronic mail. Insurance producers, particularly nonresident licensees, are expected to monitor their designated email accounts regularly. Failure to do so could result in significant legal or administrative repercussions. Source link
Chief Judge Philip A. Brimmer of the U.S. District Court for the District of Colorado denied a motion filed by La’Tonya Ford, a former Jackson National employee and intervenor plaintiff, who had sought his recusal along with that of Magistrate Judge Timothy P. O’Hara. Ford, who is representing herself, claimed that both judges demonstrated partiality…
Crop insurance growth in the US Palomar’s expansion into the crop segment follows growth trends and projections within the market. In 2024, farmers and ranchers invested over $6 billion to purchase approximately 2.4 million crop insurance policies, providing $159 billion in protection against weather and market losses. This coverage spanned over 543 million acres, representing…
Redefining claims advocacy As the workforce undergoes a generational shift, so do industry demands. AI, machine learning, and data analytics are reshaping claims management, but technology alone isn’t the solution. The key is ensuring that these advancements align with the needs of a younger, more diverse workforce while also preserving the institutional knowledge that’s at…
“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
WTW’s Jim Dunlap and Lockton’s Chase Johnson make up the first Construction Insurance Power Panel of 2025. In this discussion, they examine current capacity and appetite among carriers, contract scrutiny, CPL and offer their predictions for the market. Source link
Court asked to compel appraisal process after storm damage dispute Source link
In parallel with the product launch, Westfield announced a $750,000 donation to the Center for Disaster Philanthropy (CDP) to support flood recovery and mitigation efforts. The contribution includes $500,000 for national recovery initiatives and $250,000 directed to CDP’s Atlantic Hurricane Season Fund, which addresses flood-related needs during hurricane season. Source link
He noted that “our goal with proactive compliance is to look at the much earlier set of communications and other unstructured data, where some of these bad ideas get started, and that allows us to find things much earlier and do corrective actions like education or improvements to policies…” A report by KPMG highlights AI’s…
How much does foreseeability matter for a workman’s shoddy construction work to be covered? Source link
Charlie Worsham, NICB’s regional director in the Southeast region, said spring weather systems can result in catastrophic weather events like the tornados, thunderstorms, and wildfires seen across Arkansas, Missouri, Ohio, the Tennessee Valleys, South Carolina, and Oklahoma. He warned that some contractors may promise help, ask for the assignment of benefits, and after being paid,…
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…
GEICO’s accident forgiveness program is marketed as a way to prevent rate increases following a policyholder’s first at-fault accident. The insurer states on its website: “Your insurance rate won’t go up as a result of your first otherwise surchargeable, at-fault accident.” However, the lawsuit argues that the company’s handling of premium adjustments contradicts its marketing…
One notable example of depopulation driving insurer growth is Slide Insurance Co., which expanded its book of residential policies from 209,799 at the end of 2023 to over 341,000 by the close of 2024. Similarly, American Integrity Insurance Co., another active participant in the program, saw its policy count jump to nearly 340,000 in the…
Senate Bill 2339 would prohibit courts from holding utilities strictly liable for damages caused by wildfires. Instead, utilities could use voluntarily created wildfire mitigation plans as proof that they took reasonable steps to prevent fires. These plans would need to outline high-risk service areas, vegetation management strategies, and wildfire response procedures. Source link
Led by co-founder and CEO Peter Colis, Ethos reported 50% year-over-year revenue growth in 2024 but did not disclose further details. The company, which offers life insurance policies of up to $3 million without requiring a medical exam, promotes a streamlined approval process that takes about 10 minutes, according to its website. Source link
Leadership moves support coordinated client service and global reach Source link
Leadership moves support coordinated client service and global reach Source link
The report notes that tariffs, particularly those affecting the cross-border movement of construction materials, are expected to add further pressure to cost structures. Outside the United States, regional economic conditions are playing a key role. In Asia, growth is supported by both public and private investment, especially in energy and infrastructure. Source link
Complaint is in connection with company’s rehabilitation Source link
Despite these criticisms, the CDI points to its Consumer Complaint Center where consumers can file complaints and track their status. Additionally, CDI said that the Center for Data Insights and Innovation (CDII) publishes annual reports on health care complaints made by California consumers, including those submitted to the CDI. Source link
