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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-corgi-panamerican-third-wave-relm-axa-xl-burns-and-wilcox-mj-more-589265.aspx

Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More

3+ day, 5+ hour ago   (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > rising-liability-estimates-are-reshaping-aviation-insurance-renewals-589321.aspx

Rising liability estimates are reshaping aviation insurance renewals

2+ day, 19+ hour ago   (675+ words) Aviation insurers are recalculating how much a single passenger death could cost them, with higher liability assumptions feeding through into capacity and pricing at airline renewals. According to Nigel Weyman (pictured), global executive - aerospace at Gallagher in London, the shift…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > tria-has-never-paid-a-claim--a-cyber-terrorism-scenario-shows-what-happens-when-it-does-589262.aspx

TRIA has never paid a claim. A cyber terrorism scenario shows what happens when it does

3+ day, 5+ hour ago   (317+ words) The Terrorism Risk Insurance Act has been reauthorized five times since Congress created it in November 2002. It has never paid a claim. That zero-claim record is the program's most quoted statistic and, in the current threat environment, its most misleading…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-corgi-panamerican-third-wave-relm-and-others-589265.aspx

Insurance moves: Corgi, Pan-American, Third Wave, Relm and others

3+ day, 5+ hour ago   (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > tria-has-held-up-for-25-years-but-cyber-terrorism-is-the-untested-frontier--morningstar-dbrs-589262.aspx

TRIA has held up for 25 years, but cyber terrorism is the untested frontier — Morningstar DBRS

3+ day, 6+ hour ago   (546+ words) A new report from Morningstar DBRS which marks 25 years since the September 11 attacks found that the federal terrorism backstop built in their aftermath has proven durable for conventional terrorism risk but faces a genuinely unresolved question when it comes to…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > the-insurability-test-that-911-invented-is-being-run-again--this-time-on-cyber-and-ai-589166.aspx

The insurability test that 9/11 invented is being run again - this time on cyber and AI

3+ day, 18+ hour ago   (339+ words) Ask a terrorism underwriter and a cyber underwriter the same question what's the one loss that could actually break you?, and increasingly you get the same shape of answer: something that hits everyone at once, spreads faster than the policy…...

Insurance Business
insurancebusinessmag.com > ca > news > breaking-news > the-insurance-backstop-911-built-almost-everywhere--except-canada-589185.aspx

The insurance backstop 9/11 built almost everywhere - except Canada

3+ day, 20+ hour ago   (358+ words) The uncomfortable answer, twenty-five years after 9/11, is that Canada still doesn't have one. The US, UK, France and Germany all built a government-backed reinsurance mechanism for exactly this kind of loss in the two years after the attacks. Canada looked…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > new-york-cuts-insurer-rate-requests-but-smallgroup-costs-still-climb-589167.aspx

New York cuts insurer rate requests but small-group costs still climb

3+ day, 23+ hour ago   (216+ words) New York's health insurers asked for premium increases three to four times higher than what regulators approved, and the gap between the two numbers shows the state's 2027 renewal season. The Department of Financial Services (DFS) authorized average increases of 6% for…...

Insurance Business
insurancebusinessmag.com > uk > news > claims > claims-oversight-now-a-decisive-factor-as-regulators-tighten-scrutiny--sedgwick-589089.aspx

Claims oversight now a 'decisive factor' as regulators tighten scrutiny - Sedgwick

4+ day, 22+ min ago   (601+ words) Insurance Business Claims oversight now a 'decisive factor' as regulators tighten scrutiny - Sedgwick The FCA's own review found poor outsourced claims oversight was the most common failing across its sample - Sedgwick's report frames this not as a warning but as…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-markel-skyward-specialty-church-mutual-and-octave-specialty-589094.aspx

Insurance moves: Markel, Skyward Specialty, Church Mutual and Octave Specialty

4+ day, 4+ hour ago   (654+ words) Several insurance organizations announced leadership changes this week, ranging from a board-level chairman transition at Markel Group to specialty underwriting, finance and investor relations hires elsewhere in the industry. Markel Group has announced that Steve Markel (pictured, left) will retire…...