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Markel names Simon Wilson CEO of reorganized insurance division
In January 2020, he was named managing executive of global strategy, supporting underwriting operations across the company. Since becoming president of Markel International in 2021, the division has seen a nearly 40% increase in gross written premiums and a more than 250% rise in net underwriting profit. Before joining Markel, Wilson led the Lloyd’s Asia…

Electric Bicycles in Colorado – Bolder Insurance
With the popularity of Electric Bikes, it’s important to understand the rules. According to the Colorado General Assembly the following is how E-bikes are treated in the state of Colorado.Each County or City have additional rules and restrictionsFor the City of Boulder visit: HEREFor the City of Louisville visit: HERE The different types of E-bikes…

Possible lawsuit pressures Tesla to remove collision alerts from safety score program
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

Illinois court reverses UM ruling in dispute over vehicle “use”
When Garcia turned into a parking lot, Ahlgren followed in the Silverado. He left the truck running, exited it, and walked approximately 25 steps toward Garcia’s vehicle, intending, he claimed, to obtain the license plate number to file a police complaint. Garcia then drove forward and struck Ahlgren, injuring him. Garcia, who was uninsured, later…

Bain Capital to buy 9.9% stake in Lincoln Financial for $825 million
“This transaction is about growth and opportunity,” said Ellen Cooper, chairman, president and CEO of Lincoln Financial Group, during a conference call. “Our partnership with Bain Capital will provide us a competitive advantage as we leverage their cross-platform asset management capabilities and deploy additional capital created through their investment to support enhanced profitable growth.” Source…