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Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter. -
The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
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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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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The rules would require paid rest breaks, among other measures.
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High general liability losses are cause for concern despite modest improvements in other lines.
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Sources said that the program manager is being advised by Dowling Hales.
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Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
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In Partnership With ArchToday’s casualty market is “challenging” driven by shrinking capacity and tightening excess layers, said Pete McGuinness, EVP, national accounts casualty, for Arch.
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The executive will begin serving as Hiscox USA’s CUO as of May 5.
