Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025, as general inflation and claims inflation conditions soften, according to Swiss Re in a report, which discusses the macroeconomic factors that are driving growth in the non-life insurance and life insurance sectors. Non-life premiums grew
Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, has announced the appointment of Todd LaBandt as Senior Vice President (SVP) of Environmental Insurance at Hamilton Americas, its US managing agency. In his new role, LaBandt will report directly to Pepe Marquez, President of Hamilton Americas. Adrian Daws, CEO of Hamilton Global Specialty, expressed
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Climate science has not been particularly persuasive for the conservative political establishment along the US Gulf Coast. Perhaps actuarial science will be a wake-up call then. Last week, Hurricane Beryl crashed into
ORO VALLEY, Ariz. (KGUN) — Southern Arizona is no stranger to summer storms, but the frequency and intensity can hit residents in more ways than one. From flooded roads to hail damage, monsoons can often be costly for drivers. But it’s not just the physical damage causing concerns; it’s also the damage to your pocketbook.
LACY LAKEVIEW, Texas (KXXV) — At 11 a.m. this Saturday, a fund-raising event with auctions, food, and family fun will be held for the May family at Lakeview Baptist Church in Lacy Lakeview. An African safari hunting trip and a local fishing trip are some of the bigger prizes up for grabs. One of the
OLDWICK, N.J., July 17, 2024–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Cincinnati Equitable Insurance Company (Cincinnati Equitable) (Cincinnati, OH). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Cincinnati Equitable’s balance sheet strength, which AM Best
Lockton has moved into the former New York Sports Club space at 65 Memorial Road in West Hartford’s Blue Back Square. Liz Spencer, VP of People Services for Lockton, with her 4-month-old son in the lobby of the new offices at 65 Memorial Road in Blue Back Square. Photo credit: Ronni Newton By Ronni Newton
Mergers and acquisitions among insurance agents and brokers declined in the second quarter as some previously active buyers reduced the number of purchases they completed, according to a report released Wednesday by Optis Partners LLC. There were 146 transactions announced during the second quarter, a 26% decline from the same period last year and 26%
State workers’ comp laws lag in supporting first responder mental health, despite growing recognition of psychological injuries, a new report finds. A review of state workers’ compensation laws, published in the Journal of Public Health Policy, reveals that benefits for first responder mental health fall short compared to coverage for physical injury and disease. The
SPRINGFIELD, Mass. (WWLP) – Trinity Health of New England will no longer accept United Healthcare Insurance. Baystate hospitals extend visiting hours Trinity Health owns medical centers in both Springfield and Chicopee. In a statement posted to their website, Trinity Health says they’ve been forced out of the network by United Healthcare as of the beginning