Insurers
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He will serve as an independent non-executive member. -
The automaker’s insurance arm wrote over $300mn in premium last year.
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Hagerty Re will now assume 100% of the premium and 100% of the risk.
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The executive said the claims industry is going to “be transformed”.
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The carrier has been steadily increasing loss trend estimates.
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Softer market conditions are likely to create a wave of consolidation favoring large brokers.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Litigation seeks to block insurers from passing assessment costs to consumers.
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Large accounts property remains competitive as pricing softens, Greenberg said.
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The awards, now in their fifth year, will be held in New York at 583 Park Avenue on September 25.
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The carrier's Q2 reserve releases rose to $249mn from $192mn on favorable NA personal development.
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The insurer denies it is responsible for the actor’s legal fees.
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