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Generali elects new 13-member board
Leadership reset finalised after investor-backed majority list wins vote Source link
Trade war spurs insurance policy demand
Legal professionals are assessing the insurance implications of trade-related disruptions. According to Pillsbury Law’s Jeff Kiburtz and Lisseth Ochoa-Chavarria, several lines of coverage may be affected, including political risk, directors and officers liability, builder’s risk, subcontractor default, and marine insurance. Although tariffs do not cause physical damage, the financial and operational fallout may lead to…
Texas court sides with State Farm in $800k life insurance dispute involving competing claims
State Farm, caught in the middle of conflicting demands, opted to file a federal interpleader action – a move that allows insurers to deposit funds with the court and step aside while potential beneficiaries litigate who is entitled to the money. Robbins, in turn, sued State Farm in state court, alleging breach of contract, violations…
State Farm confirms $2.45 billion claims payout after LA wildfires
Catastrophic events during the prior year had a substantial impact, with the company paying out approximately $11.4 billion in catastrophe-related claims during the year. For instance, in mid-July 2024, severe convective storms across several states resulted in about 14,000 claims filed with State Farm. Source link
How to overcome challenges in the wholesale broking space
In the latest edition of Insurance Business TV, we catch up with one of this year’s 5-Star Wholesale Brokerage and MGAs winners, Johnson & Johnson. Chairman and CEO Francis G Johnson discusses the E&S market in 2025, emerging trends and how he expects the area to develop this year. Source link
Aon unpacks four forces disrupting business as usual
“The megatrends of trade, technology, weather, and workforce are creating unprecedented challenges for business leaders, who risk decision paralysis when urgent action is needed,” said Greg Case, CEO of Aon. “The interconnectedness of these trends means that leaders need access to integrated data and analytics, capabilities, and expertise to effectively respond to increasingly linked risk…