Steven D. Armstrong, FCAS, an insurance industry veteran with more than 25 years of experience, has begun his term as the president of the Casualty Actuarial Society (CAS). Armstrong has been actively involved with the CAS for two decades, having …
North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities. While the report finds that capacity is available in all but the …
U.S. Supreme Court justices on Wednesday expressed sympathy toward allowing comedian and producer Byron Allen to pursue his racial bias lawsuit accusing cable television operator Comcast Corp. of discriminating against black-owned channels. Over the course of an hour of oral …
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz Group, has appointed Shanil Williams as global head of Financial Lines, effective Nov. 15, 2019. He succeeds Bernard Poncin, who will leave AGCS to pursue other opportunities …
The role of identity theft insurance as a supplemental product could evolve as personal cyber risks become more of a threat as technology proliferates further into individuals’ lives, according to a new A.M. Best report. In its current form, identity …
Pioneer Underwriters has decided to put its Lloyd’s Syndicate 1980 into run-off after completing an examination of “strategic and capital options for 2020.” Pioneer said it will be working with Asta, the managing agency of Syndicate 1980, to ensure a …
Hartford InsurTech Hub, powered by Startupbootcamp, has announced its 2020 cohort of startups. The past two cohorts have consisted of ten startups, and with the help of the Hub’s partners, the accelerator program decided to select 11 companies to relocate …
Insurers are not liable for crumbling foundations caused by defective concrete unless the home is on the verge of collapse, the Connecticut Supreme Court ruled. The decision will likely amplify public pressure for a government solution. Thousands of homes in …
A U.S. bankruptcy judge on Thursday approved a process for the sale of the Philadelphia Energy Solutions oil refinery, the largest and oldest on the East Coast, under which city officials and a trade union will consult on the matter. …
The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman. “Women are arguably the single largest under-served group …
