Several major insurers, including AIG and Chubb, continue to provide coverage for oil and gas operations. Chubb, for instance, has expressed intentions to underwrite more oil and gas production, aligning with anticipated increases in fossil fuel activities under the current US administration.
This year’s summit is bigger than ever, uniting top industry executives, rising stars, and change-makers for a day of powerful conversations and career-defining connections. With leaders from WTW, Assurant, HUB International, Nexus Group US, and Munich Re – plus a special keynote from Emmy-winning anchor and investigative reporter Molly Grantham – you’ll gain the insights…
Johnson also provided an in-depth look at the growth of the E&S market, with premiums reaching an impressive $39.5 billion in mid-2024. He pointed out the key drivers behind this growth, such as the increasing frequency of natural catastrophes. “Excess and surplus lines can be nimble and move fast,” he explained. “That allows us to…
Zurich was represented by Mound Cotton Wollan & Greengrass LLP, with Philip C. Silverberg as counsel. Providence Capital LLC and Sherle Wagner International LLC were represented by Kevin Schlosser of Meyer, Suozzi, English & Klein, P.C., and Daniel M. Rabinovitz of Murphy & King, P.C., admitted pro hac vice. Source link
Advancements in vehicle technology, including the integration of Advanced Driver Assistance Systems (ADAS), have influenced collision claim frequencies and severities. While ADAS features aim to reduce accidents, the complexity and cost of repairing these systems can lead to higher claim costs when collisions occur. Source link
In 2022, the most recent year for which data is available, US households spent an average of $1,127 per vehicle on auto insurance, representing 1.51% of the median household income of $74,580. This marked a slight increase from the previous year. State-by-state variations were significant, with North Dakota having the lowest expenditure share at 0.93%,…
