Claims trends
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The company and its main debt provider Ares agreed to relax its debt terms in April. -
The protection covers the US insurance book for the 2024 and prior accident years.
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Sexual abuse and molestation exclusions are starting to hold in higher layers of hospital towers this year.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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The company saw a 53% decrease in cyber claims after a surge in 2024.
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The executive said the claims industry is going to “be transformed”.
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Social inflation, reserving, and organic growth are the topics to watch this earnings season.
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The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
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Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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The exec said the feds have been given data to potentially pursue criminal charges.
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Coverage has broadened while limits have increased, the broker said.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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Competition and ample capacity are pushing premiums lower.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The CEO spoke after Chubb chief executive Evan Greenberg’s call to action at RIMS.
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Writing credit wraps for LitFin firms and steering third-party assets to them should stop.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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As the industry gathers in Chicago, Insurance Insider US reviews key discussion points.
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He will replace Scott Lee, who is retiring after 40 years in claims.
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Economic unease will join cat losses, renewals, and organic growth as Q1’s key topics.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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P&C has strengths that will help it survive this crisis, but not without some pain.
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What past trends can tell us about the future of commercial reserving.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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The amount of change over the past year falls short versus the discourse.
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What insurers can learn from the history that led to this deal.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
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Casualty reserve concerns continue to mount as releases remain elevated.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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Year-end reserving, Milton and wildfires will dominate Q4 earnings discussions.
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There has been increased W&I appetite in South American jurisdictions.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
