Insurance
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CITGO forces insurance companies to pay $54 million for Venezuelan oil cargo losses
Anticipating the potential risk, CITGO obtained a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
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AXIS expects combined ratio to fall below 90%
Insurance premiums increased by 11% and reinsurance increased by 6%
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Insurance initiatives by Canopius, FM, Alliant and Ameritas
These include a new chief financial officer and a new senior vice president
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Caterpillar’s AI machines are changing the rules for equipment insurance
One of the most significant challenges is the unbundling of hardware and software. Caterpillar not only sells self-driving machines but…
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The Risks of Offering Candidates a “Best and Final” Salary Deal
Skipping the salary negotiation stage may not be the best candidate experience
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Data and sophisticated risk models drive selective recovery of commercial property insurance
Commercial property insurance: a more “refined” market This new selectivity is driven by increasingly sophisticated disaster models that go beyond…
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Tanger Properties takes ACE and Liberty Mutual to court over COVID-19 claims
After Tanger submitted its claim, both ACE and Liberty Mutual denied coverage. The insurance company claimed that Tanger did not…
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Hartford reports record third-quarter core earnings, net income tops $1 billion
Swift also said, “As we enter the final quarter of 2025, our financial strength, disciplined execution and investments to drive…
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Zurich expands AI ambitions with new research lab
The Zurich Artificial Intelligence Laboratory will consist of a multidisciplinary team of PhD and master’s students working under the guidance…
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Big I Illinois welcomes new president, association emphasizes leadership transition
In his new role, Ross will lead the association in advancing its mission to promote the independent agent model, enhance…
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