Insurance moves: Chubb, Zurich North America, Lockton, BenefitMall, RPS and Duck Creek

The U.S. apparel market is expected to grow to $298.37 billion by 2029, so it’s easy to see why opening a clothing boutique is such an appealing and creatively fulfilling venture. But amid all the planning, design, and inventory decisions, one thing that shouldn’t fall off your to-do list is insurance. From signing your lease…

The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That transaction…

Vacant land is purchased for various reasons, such as long-term investment, customization for future development, potential appreciation, and minimal maintenance costs. It can also serve multiple purposes, including agriculture, storage, or recreational use, so it’s no surprise land sales rose 1.2% in 2023 and continue to rise. Insuring vacant land can present unique challenges due…

Neo also engages directly with carriers, managing general agents, and affiliated agents to support product development and market deployment. Its operations include automation, data consolidation, and business integration, helping partner firms create tailored insurance offerings.  Source link

“I think the challenge is how can you control that? Because you wouldn’t, as an insurance company, declare overnight that everybody is allowed to write software to change pricing models,” he said. As a result, the question for the market is how to make sure that this technology is pointing in the right direction, which…

 For insurers, this breakdown provides more than just a snapshot of market composition; it’s a call to sharpen strategic focus. With liability lines anchoring the market, competition on pricing, underwriting discipline, and claims efficiency will remain fierce. At the same time, emerging risks – such as advanced driver-assistance systems, autonomous vehicles, and evolving fraud schemes…