Risk & Insurance

U.S. Property/Casualty Industry Records $21.2B Underwriting Loss in 2023

Despite a 9.9% growth in net earned premiums, the US property/casualty industry reported a $21.2 billion underwriting loss in 2023, according to a report by AM Best. The post

Posted: Mar 25, 2024

New Year, New Threats: 5 Cyber Mitigation Techniques to Review in 2024

With the cost of 2023 cybercrime estimated at $8 trillion worldwide, it’s high time to review the cybersecurity measures that actually work. The post

Posted: Mar 25, 2024

How Professional Employer Organizations Aid Workers’ Comp Risk Management

PEOs take off much of the administrative workload of running a strong workers’ comp program. The post How Profe...

Posted: Mar 25, 2024

2024 Resilience Index Adds New Data on Global Risks

The 2024 FM Global Resilience Index, with six new risk factors, guides businesses in strategic decision-making on property and operations in the most resilient business environment. The post

Posted: Mar 22, 2024

Looking to Bring AI Into Your Processes? Standardize Your Data First

For a smooth, successful transition to AI and automation, professionals recommend that you consider the quality of your data first. The post

Posted: Mar 22, 2024

James J. Rogalsky Promoted to Senior Vice President at ATF Medical

The latest hiring in the workers' comp space today. The post James J. Rogalsky Promoted to Senior Vice President at ATF...

Posted: Mar 21, 2024

Matthew Massaro Appointed Head of Sales and Underwriting for The Hartford’s Northeast Division

The latest hiring announcement in the insurance industry today. The post Matthew Massaro A...

Posted: Mar 21, 2024

Hiscox Names Leigh Hellrung as Chief Operating Officer in the U.S.

The latest hiring announcement in the industry today. The post Hiscox Names Leigh Hellrung as Chief Operating Officer i...

Posted: Mar 21, 2024

George Williams to Lead Small Market Commercial Lines at Nationwide

The latest hiring announcement in the industry today. The post George Williams to Lead Small Market Commercial Lines...

Posted: Mar 21, 2024

Transactional Risk Insurance Remains Robust Amid M&A Downtrend

Despite a dip in M&A activity in 2023, transactional risk insurance thrived, with tech leading the pack in deal value, reveals a Marsh report. The post

Posted: Mar 21, 2024

Insurance CROs Highlight Cybersecurity, AI, Climate Change as Key Risk Concerns

Insurance CROs are optimistic about their ability to shore up their operational defenses in 2024 despite global economic headwinds, and complex emerging risks, EY/IIF survey finds The post

Posted: Mar 20, 2024

Generative AI Advances to Reshape the Cyber Risk Landscape

The rise of generative AI and Large Language Models (LLMs) heralds a new era in cyber risk, potentially enabling more effective and widespread cyber-attacks, warns a recent report from Lloyd's. The post

Posted: Mar 19, 2024

ILS Market Capacity Hit $100 Billion in 2023

The ILS market reached $100 billion in 2023, driven by fewer major natural disasters plus efforts to de-risk portfolios, AM Best reports. The post

Posted: Mar 18, 2024

IMCA IGNITE 2024

Join Us At IMCA Ignite 2024, June 24-26! The post IMCA IGNITE 2024 appeared first on Risk & Insurance....

Posted: Mar 18, 2024

U.S. Construction Insurance Market Stabilizing Despite Rate Pressures

The U.S. construction insurance market is stabilizing after a challenging period, but will still face rate pressures due to inflation, interest rate uncertainty, and rising claims costs, according to a recent WTW report. The post

Posted: Mar 18, 2024

Rates for Construction Project Insurance Are Stabilizing Despite Cost Pressures

The U.S. construction insurance market is stabilizing after a challenging period, but will still face rate pressures due to inflation, interest rate uncertainty, and rising claims costs, according to a recent WTW report. The post

Posted: Mar 18, 2024

APRN Professional Liability Risk: What Health Care Risk Managers Must Understand

Advanced practice registered nurses are increasingly taking a prominent role in health care. Understanding professional liability exposures connected to their work in today’s litigious environment is paramount. The post

Posted: Mar 18, 2024

Andrea E. Russell Appointed as San Bernardino’s Human Resources and Risk Management Director

The latest hiring announcement in the insurance and risk management industry today. The post A...

Posted: Mar 15, 2024

Trey Ingram Hired as CEO of CompSource Mutual Insurance Company

The latest hiring announcement in the workers' compensation space today. The post Trey Ingram Hired as CEO of CompSource...

Posted: Mar 15, 2024

Rising Star Brendan Fountain Energized by Serving Clients in the Energy Sector

This Alliant broker shares his take on how the Bipartisan Infrastructure Law will affect the renewable energy sector and sustainability as a whole. The post

Posted: Mar 15, 2024

Product Recalls Reached Five-Year High in 2023, Sedgwick Report Says

Product recalls across several various sectors experienced record breaking product recalls, according to a recent Sedgwick report. Regulatory changes within the last year could serve as the reasoning for the five-year high. The post

Posted: Mar 14, 2024

Insurance Industry Increasingly Adopting AI Technologies, Study Shows

Conning survey reveals a surge in AI adoption within the insurance industry, with large language models leading the tools being explored for sales, underwriting, and claims processing. The post

Posted: Mar 14, 2024

Emily Fink Named as Chief Marketing Officer at Sedgwick

The latest hiring announcement in the insurance and risk management industry today. The post Emily Fink Named as Chief Marketing...

Posted: Mar 14, 2024

AI’s Dark Side: The Growing Menace of Cyberattacks

AI isn't just being used by the good guys. As cybercriminals incorporate AI tools into their arsenals, organizations must ramp up their mitigation and response plans. The post

Posted: Mar 14, 2024

Political Risks in 2024 Threaten Global Business Stability

In an era of geopolitical shifts and macroeconomic transitions, businesses must navigate unpredictable challenges and capitalize on emerging opportunities, according to a Marsh report. The post

Posted: Mar 13, 2024