Insurance moves: CRC Group, King Risk, AmTrust, Lockton, Sompo and Canopius

Now in its sixth year, the Global 100 list aims to spotlight insurance professionals who have played key roles in business development, operational leadership, industry advocacy, and innovation. The individuals selected have been recognized for contributing to their organizations’ performance, advancing industry knowledge, or addressing systemic challenges in the insurance sector. Source link

Texas-based firm known for insuring diverse fleets, from jets to vintage aircraft Source link

He cautioned that if the bill becomes law, insurers will have to reassess risk pricing in Florida, and reinsurers are likely to follow suit. He added that these changes would ultimately impact policyholders through higher premiums, calling the bill a reversal of recent reforms. 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…

All of its core business segments rose year-over-year Source link

For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue.   Source…