Declarations
Personal E&S “I wish we could serve this customer base on an admitted basis to give them what they need and what they want to buy.” — Remarked Chubb CEO Evan G. Greenberg, referring to the insurer’s increase in North …
Declarations
Natural Catastrophe Challenges “We continue to witness an increase in the severity and high-impact frequency of natural catastrophe events. These effects bring multifaceted and complex challenges to the re/insurance industry, as the importance of blending today’s view of risk with …
Declarations
Auto Severity “Workplace patterns have changed post-pandemic with work-from-home arrangements, reducing the number of vehicles on the road. However, driver inattentiveness and riskier driving habits have become more problematic in the last few years, and as a result, auto severity …
Declarations
AI and Insurance Jobs “Although the overall impact of generative AI on employment remains uncertain, it will likely change the way society works, as current employees learn to leverage the power of this developing technology.” — AM Best said in …
Declarations
Ransomware Payments “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow.” — Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, told reporters after 40 countries in …
Declarations
Underinsured Cannabis “What I am seeing is that there are insureds that are underinsured. … So, there’s still a lot of insurance to be sold.” — Curtis Prince, CEO and founder of Flux Insurance Services, said during Insurance Journal’s Insuring …
Declarations
Faulty Cranksets “Shimano will replace any cranks that fail the inspection process. … There is no need for further action for cranks that pass the inspection process.” – Cycling company Shimano said in an announcement recalling some 760,000 bike cranksets …
Declarations
Third-Party Litigation Funding Ban “Settlements of this size and nature have often attracted the attention of third-party litigation funding entities intending to prey on litigants, including settlement participants seeking litigation funding pending the receipt of potential settlement funds.” – District …
Declarations
‘Never Easy’ “Decisions like these are never easy, and we are committed to doing our best to support those impacted by these changes in the days and weeks to come.” – Raul Vargas, president and CEO of Farmers Group, said …
Declarations
‘Not Our Friends’ “There were other victims in this cyber operation. … The Communist government in China are not our friends and are very active in conducting cyber espionage.” — Nebraska Republican Congressman Don Bacon said on the social media …
