| Today's Headlines | February 18, 2022 |
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MGAs thrive on delivering unique solutions for hard-to-place risks, with many companies quick to react to rapidly changing market dynamics. It is testament to the sector's resilience and adaptability that despite the events globally over the last two years, MGAs are continuing to find new and innovative solutions to meet the changing needs of their... read more | | |
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At the end of an hour-long interview, the chief executive officer of an InsurTech focused on liability coverage for middle-market commercial construction contractors gave an unusual answer to a reporter's final question about future goals. Shepherd's seven-member team has already rolled out a broker platform automating construction insurance sales processes and an MGU poised to... read more | | |
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Over the past several years, a growing number of insurance carriers have recognized the power of performance advertising. With each passing month, more carriers are reaching the conclusion that a significant presence at the bottom of the funnel is no longer a nice-to-have but an ... read more | | |
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Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 million in the fourth quarter of 2020, the company reported net income of $3.74 billion in the last quarter of 2021. Also, full year 2021 net... read more | | |
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Peter Zaffino, CEO of American International Group (AIG), said the company's ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth homeowners business to excess and surplus lines in multiple states. "The business model simply needs to change," Zaffino said during a fourth-quarter earnings... read more | | |
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A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker Remington Arms and its companies, which are now in Chapter 11 bankruptcy, was announced yesterday. At the time of the shooting, four insurers had... read more | | |
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Tesla Inc. TSLA.O and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an "endless" and "unrelenting" investigation to punish Musk for being an outspoken critic of the government. The accusation came in a letter to U.S. District Judge Alison Nathan in Manhattan, who presided... read more | | |
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Just 3% of white collar workers want to return to the office five days a week, according to a poll by management consultancy Advanced Workplace Associates, which warned employees will quit if bosses force them back full-time. A full 86% of employees want to work from home at least two days a week, the consultancy... read more | | |
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| | It's good to be in the E&S market right now. Indeed, E&S typically ... read more | |
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| | Strategy Meets Action (SMA) offers insurers insights on advancements in premium ... read more | |
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| | Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ... read more | |
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