The Excess Line Association of New York (ELANY) held its 34th Annual Members’ Meeting on Wednesday, May 4, 2022. Executive Director Dan Maher opened the meeting by introducing ELANY’s 2021 Annual Report. New records were set in many areas of the Excess and Surplus Line (E&S) insurance market including mergers and acquisitions, premiums and transactions. […]
The National Council on Compensation Insurance (NCCI) released its performance metrics for the US workers compensation system for 2021. Private carrier plus state fund net written premium increased about 1% to $43 billion in 2021 (private carrier premium alone was $38B). Private carriers again posted a profitable Calendar Year 2021 combined ratio of 87. It […]
Hagerty, Inc. (HGTY) has launched Digital Labs, a strategic initiative that allows the company to quickly pivot to new products and adopt new business models while fostering a mindset of innovation. “As a growth company focusing on many dimensions of the automotive world, innovation and digital product thinking are critical for our future,” said Hagerty […]
More than 300 underwriters, brokers, claims personnel and key industry professionals gathered in-person for the first time in three years to participate in the 91st Inland Marine Underwriters Association (IMUA) Annual Meeting. IMUA’s premier education symposium was held April 24-27, 2022, at the Westin Savannah Harbor, Savannah, GA. The first order of business was the […]
Industrial insurer HDI Global Insurance Company (HDI) will be leveraging the cloud-based technology and advanced analytics of Verisk (Nasdaq: VRSK), a leading global data analytics provider, to help increase efficiency and develop innovative insurance products. Using Verisk’s Mozart Form Composer®, Verisk’s InsurTech platform for forms management and product development, HDI will be able to easily […]
The Big “I” is pleased to announce the promotion of Chris Boggs as the new vice president of agent development, research and education. Boggs succeeds Madelyn Flannagan, who will retire after 26 years of excellent service to the independent agency channel. Boggs joined the Big “I” team in November 2016. In his new role, Boggs […]
John Howard and Salene Hitchcock-Gear, JD, bring over 60 years of experience and service to The College King of Prussia, PAThe American College of Financial Services announced a pair of newly elected officers to its Board of Trustees, with John Howard selected as the Board’s new chair and Salene Hitchcock-Gear, JD, voted in as vice […]
Katherine M. Papa has been recently elected to the Board of the National Association of Public Insurance Adjusters (NAPIA), which is in its 70th year. NAPIA is comprised of licensed Public Adjusting firms, from across the nation, who are dedicated to promoting the education, certification, ethics, legal and legislative representation, and promotion of the public […]
IBANY Awards Michael Chang 2021 Insurance Person of the Year IBANY held a Virtual Fireside Chat midwinter. Hosted by association president Renée McFadden and featured speaker Michael Price, CEO of AIG, North America General Insurance. Announced live during the event was the award of Michael Chang as IBANY’s 2021 Insurance Person of the Year. Meet […]
Coggins Succeeds 2020–21 President Tom Campbell Maryellen Coggins of Boston, Mass.,has just begun a one-year term as president of the American Academy of Actuaries, succeeding 2020–21 Academy President Thomas Campbell to lead the national professional association of more than 19,500 members. During the Academy’s presidential transition ceremony at the Academy’s 2021 Annual Meeting and Public […]
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