Alpay and Kickham bring more than 25 years of experience in HVH, flood underwriting, and broader property catastrophe risks. Motion Specialty will draw on Inigo’s underwriting and modeling capabilities, while Johnson & Johnson will support regulatory, licensing, and operational needs.
Under the revised structure, policyholders will receive a 5% credit for fewer than five consecutive years of membership, 10% for at least five but fewer than 10 years, 12.5% for at least 10 but fewer than 15 years, and 15% for at least 15 consecutive years. Source link
Everest Group appoints Darryl Page to board Everest Group has named Darryl Page (pictured above, left) as an independent, non-executive board member. Page brings more than 40 years of experience, including leadership roles at Chubb, Fireman’s Fund and Allstate. Source link
At the same time, UFG has embraced technology to navigate this turbulent landscape. Advanced catastrophe modeling, in particular, has reshaped the company’s ability to assess risk. “We’ve improved data capture and integrated new CAT modeling tools, allowing us to better analyze exposure and decide where we want to grow,” Salazar said. The models blend internal…
Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….
The report highlights a rise in the percentage of homeowner insurance claims closed with no payment. Nationally, 41.9% of claims were closed without payment in 2024, up from 25.8% in 2004. In Louisiana, the rate was higher, at 44.6%. Several insurers closed more than half of their homeowner claims without making any payments. Source link
