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May the Combined Ratio R.I.P. (for Measuring Profit)
When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore… More
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Ergo Enters US Small Business Insurance Market With Full Buy of Next Insurance
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer’s major primary insurance…
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Why progress matters more than perfection
In a risk-averse industry, Emmy-winning journalist Molly Grantham proves that the biggest gamble isn’t imperfection—it’s never taking the…
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Riverstone in Loss Portfolio Transfer Deal With Lyft Subsidiary
RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio…
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Most insurance companies will “fail the AI test”: Lemonade CEO
“The only way for AI to be successful in the organization, beyond being a tool that people use…
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AI Is Turbocharging Organized Crime, EU Police Agency Warns
The grim warning came at the launch of the latest edition of a report on organized crime published…
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Liberty Mutual legal dispute over construction bonds dismissed without prejudice
Given the lack of a present, quantifiable obligation from LPCiminelli to the Debtor, the court determined that the…
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Young Insurance Agents – Share Your Thoughts About the Industry Today
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent?…
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Third Time’s a Charm? Insurance Agent Is Charged Again.
A grand jury for Baltimore County has handed down a third indictment charging Michael C. Okolo, of Parkville,…
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Kentucky Allows Unlicensed Adjusters in Three Counties After Storms Batter State
Unlicensed adjusters can work in three Kentucky counties once they register on temporary basis, the state’s insurance commissioner…
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Lloyd’s sees profits dip as major claims affect 2024 results
Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion…