October
Focus: the Energy Market
This summer’s news of extended production cuts by Saudi Arabia and Russia, as well as an attack on key Russian oil export hubs by Ukraine and ongoing sanctions against Russia, has kept oil prices high. Combined with a growing backlash against green energy and overall losses within the sector tied to costs of energy transition, it’s not surprising that U.S. pricing trends continue to push upward. Social inflation and the rise in claims across the sector have also resulted in a heightened level of underwriting scrutiny and the ongoing need for adequate valuations.
HEALTH CARE COSTS UNDER THE KNIFE
As in everything in today’s contentious culture and media mayhem, health care costs have come under scrutiny. The NY DFS has issued a statement and it has been countered by the Empire Center. Here we give the Center’s reply / opinion about the DFS press release. The release is also produced in toto as submitted. […]
AmTrust Introduces Admitted Lawyers Professional Liability Policy
Offers Protection for Mid-Sized Law Firms AmTrust Financial Services, Inc., a global specialty property casualty insurer, has introduced a new Admitted Lawyers Professional Liability (LPL) policy from AmTrust PRO that offers flexible, customizable protection for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or simple oversight by an individual […]
Ronda named as next CEO of Howden Tiger
by Matthew Lerner Howden Broking Group Ltd. said Wednesday that President Tim Ronda will take over as CEO on Jan. 1, 2024. Mr. Ronda will report to David Howden, CEO of parent company Howden Group Holdings. Rob Bredahl, now CEO of Howden Tiger, will share vice chairman duties with existing vice chair Elliot Richardson, while […]
Loss Assessment Coverage Tips
Properties with shared ownership, such as homeowner and residential and commercial condominium associations, pose special challenges for unit owners and their insurance companies. Damage to property in common areas in such an association may end up being the responsibility of the unit owner. Loss assessment coverage can help in these cases, but it has limitations. […]
Risk Strategies Initiates Captives Group Consolidation
Establishes Risk Management Advisors brand as lead for operations Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced that it will consolidate its independent captives group under the Risk Management Advisors (RMA) brand. This move merges Atlas Insurance Management into the RMA brand and operations. The newly consolidated operations will […]
Workplaces in Financial Services & Insurance
J. Powell Brown, president and chief executive officer, and Julie Turpin, chief people officer, are pleased to announce that Great Place To Work and Fortune Media have named Brown & Brown, Inc. to the 2023 Best Workplaces in Financial Services and Insurance List. Chief People Officer Julie Turpin shares, “This incredible recognition is a testament […]
Margaret Bussiere to Commercial Lines Post
Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced it has appointed Margaret Bussiere as Commercial Lines Leader, New York Region. In this role, Bussiere will be responsible for building and executing the regional strategy for the Commercial Property & Casualty business segment. She will be focused primarily on driving […]
InvestSM Adds New Members to Board
Three new board members bring first-hand Invest program and insurance experience. InvestSM, the insurance industry’s premier classroom-to-career education program administered by the Big “I,” is proud to announce the addition of three individuals to the Invest Board of Directors: Kathy Conley-Jones, Rob Townley and Daniel Holst. Conley-Jones is an insurance and finance strategist with three […]
