Travelers Indemnity defeats age discrimination suit as court dismisses appeal over arbitration

While investors in private climate data firms may benefit, the broader impact will be felt by policyholders. “Anytime you increase costs for insurers, those costs get borne out by the policyholders,” he said. “Over time, that is going to make insurance more expensive for homeowners and business owners.”  Source link

While higher tariffs might not translate directly to increased repair bills, Sampson pointed to indirect consequences such as supply chain disruptions, price swings and delays as potential drivers of cost volatility. “For insurers, that translates into greater uncertainty around claims severity, reinsurance pricing and asset planning,” he said. Source link

Upon receiving the claim, Steadfast conducted a multi-year investigation, which included emails, phone calls, site visits, and document requests. Ultimately, the insurer denied coverage in August 2021, citing a failure to comply with the policy’s requirement for “prompt notice” of loss or damage. Source link

As insurers retreat from some markets, policyholders are facing skyrocketing premiums, stricter underwriting and unexpected policy cancelations Source link

With backing from Madison Dearborn Partners and later the Abu Dhabi Investment Authority, the firm has grown under CEO David Ross. Ardonagh has acquired assets in markets including Brazil, Spain and Italy. Last year, it purchased Australia’s PSC Insurance Group for an implied equity value of A$2.3 billion ($1.5 billion), taking the company private and…

Sankaran has more than 30 years of experience in global operations and transformation roles across several industries, including insurance, healthcare, finance, procurement, and human resources. He has held senior positions at Wipro, Accenture, GeBBS Healthcare Solutions, WNS, GE Capital, and Pfizer, managing global teams and client portfolios in various market conditions. Source link