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Why progress matters more than perfection
In a risk-averse industry, Emmy-winning journalist Molly Grantham proves that the biggest gamble isn’t imperfection—it’s never taking the leap Source link
Tariffs expected to put pressure on claims management
The claims sector, in particular, is vulnerable to global supply chain disruptions and material inflation that could drive up costs and slow down the resolution process. Pat Van Bakel (pictured), president, North America loss adjusted, Crawford & Company, told Insurance Business that while the full impact of tariffs is still evolving and uncertain, the industry…
California expands FAIR Plan insurance limits amid escalating wildfire risk and market strain
The expansion is a centerpiece of Lara’s “Sustainable Insurance Strategy,” a broad effort to stabilize California’s fractured insurance market amid mounting climate-related losses. In recent years, major carriers have pulled back from insuring properties in wildfire-prone regions, citing escalating claims and regulatory constraints. The FAIR Plan – intended as a backstop for those unable to…
Athene Holding reports record inflows in first quarter
“While other market participants continued business as usual, we took a different path,” said Jim Belardi, co-founder and CEO, during a recent investor call. “With the presence of market volatility, we made the strategic decision to accelerate new business volumes, which resulted in $26 billion of gross inflows.” Source link
Hudson Excess prevails in construction site coverage dispute over late notice
The case stems from a September 20, 2017 workplace accident, where You Tien Chen, a worker employed by subcontractor 177 TS Group, Inc., fell from a ladder while working at a construction site. The site was owned by Mayer Malbin, which was insured by Hartford Fire Insurance Company. TS Group, the subcontractor, held a policy…
Thrivent plans aggressive adviser hiring drive for 2025
Strategy aims to fill gaps left by retiring professionals Source link