The year-over-year decline in directors and officers (D&O) insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in a new Aon report reveals. …
Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader of Berkshire’s insurance operations said the figure is not a true indication of where the business is today. Answering a …
With recent troubles in the banking sector having only minimal impact on his company’s specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to describing how insurers stand apart from banks. “There’s no …
Editor’s note: This article first ran in Insurance Journal’s sister publication, Carrier Management, earlier this month. It was written by CM Editor Susanne Sclafane. The National Council on Compensation Insurance, which turns 100 years old this year, is headquartered in …
Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the economic conditions uncertain, the line is under pressure. Fitch delivered the conclusion …
During a webinar about an insurance industry labor market survey, an industry recruiter said insurance carriers are losing ground to managing general agents in the war for talent. “On the property and casualty side, primarily in the commercial space, it’s …
Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the economic conditions uncertain, the line is under pressure. Fitch delivered the conclusion …
D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn’t necessarily business as usual for watchful underwriters in the days following the March 12 …
During an investor conference last week, Progressive’s leader revealed some subtle wording changes to the company’s purpose and vision. Unchanged, however, are four pillars of Progressive’s strategy, including one pillar labeled “competitive pricing.” “Segmentation is a key facet of our …
During a webinar about an insurance industry labor market survey last month, an industry recruiter said that insurance carriers are losing ground to managing general agents in the war for talent. “On the property and casualty side, primarily in the …
