Latest Underwriting Headlines
All the headlines from our Underwriting Topic Page, ordered by recency.
SAGE Program Underwriters Provides Premium Payment Solutions to Help Cash Flow for Shooting Sports Clients
Mar 20 2020 // At SAGE, a national program administrator, their mission is to help those who need it. These are unusual times and businesses are facing layoffs or cutbacks of their employees to reduce expenses. Unfortunately for most,...
Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis
Mar 19 2020 // After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its underwriting room in response to the coronavirus outbreak. As a result, market insurers...
Lloyd’s to Shut London Building for Coronavirus Stress-Test – But Trading Will Continue
Mar 12 2020 // Lloyd’s is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at midnight tonight and for 24 hours, Lloyd’s...
U.S. Cybersecurity Report Calls for Major Government Role in Cyber Insurance
Mar 11 2020 // A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally-funded center to develop cybersecurity insurance certifications and a...
Acadia Insurance Hires Former New Hampshire Insurance Commissioner Elias
Mar 9 2020 // Acadia Insurance, a regional underwriter based in Westbrook, Maine, has hired former New Hampshire Insurance Commissioner John Elias to its management team as senior vice president and chief underwriting officer. He will...
Logic & Language, Forms & Facts: The Case of the ‘Holey’ Insurance
Mar 9 2020 // For a number of years, I’ve done a workshop called “The Adventures of Ace Insura, Claims Detective.” Participants assist Ace in solving a variety of coverage and claims mysteries. Each case has one or...
One U.S. State May Look at Insurers’ Fossil Fuel Investments and Underwriting to Combat Climate Change
Mar 5 2020 // A Connecticut lawmaker has plans for a bill that not only calls for the state to look at which insurers have fossil fuel investments – a growing trend among government entities as of late – but also which ones are...
J.M. Wilson Promotes Bryson to Sr. Transportation Underwriter in Michigan
Mar 5 2020 // J.M. Wilson has promoted Kyle Bryson, to senior transportation underwriter in its Portage, Michigan, office. Bryson is responsible for quoting new and renewal Non-Fleet Trucking (1-10 units) and serving independent...
D&O Insurers Urged to Adjust Rates, Underwriting for Risky Environment
Mar 4 2020 // Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary as a result, A.M. Best...
Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform
Mar 2 2020 // Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation underwriting platform for high-volume specialty products. The...
J.M. Wilson Hires Pov as Assistant P/C Underwriter in Michigan
Feb 27 2020 // J.M. Wilson has added Kim Pov as an assistant property/casualty underwriter in its Madison, Wisconsin, office. Pov is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as...
Berkshire Hathaway P/C Insurance Profit Down in 2019
Feb 24 2020 // Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations...
Appalachian Underwriters Adds Ashman as External Marketing Rep in West Florida
Feb 21 2020 // Appalachian Underwriters, Inc. has hired Carol Ashman as its new external marketing representative for Western Florida. She will focus on building agent relationships in the Florida Panhandle. She comes to AUI with 16...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch
Feb 21 2020 // Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase pressure on UK household insurers’ profits in 2020, said Fitch Ratings. While the...
Everest Insurance Adds 4 Underwriters to E&S Casualty Excess Group
Feb 19 2020 // Everest Insurance has added four underwriters within its Excess & Surplus Casualty Excess group. The new members of the group include: Kelly Doyle, who joins Everest as a senior underwriter based in the company’s...
Insurance Underwriter Enters Race for Montana State Auditor
Feb 19 2020 // A third Republican said that he will run for the party’s nomination for Montana state auditor. Scott Tuxbury is an insurance underwriter who has worked to bring new insurance companies to Montana and design new...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
Real Estate Investor and Property Insurance Program Webinar for Agents to be Held Tuesday, February 18
Feb 14 2020 // Atlanta, GA, February 14, 2020 — The Specialty Property team at Blue River Underwriters will host an informative webinar on the real estate investor property insurance market and other commercial excess and surplus...
AIG and P/C Underwriting Post Profit for Q4
Feb 13 2020 // American International Group reported fourth quarter 2019 net income of $922 million compared to a net loss of $622 million in the prior-year quarter. The results reflected improvement in its closely-watched General...
Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
Feb 13 2020 // Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some “unacceptable” results, particularly a $114 million underwriting loss. Separately, there are also added expenses...
