John Lupica, vice chairman of Chubb Group and executive chair of North America Insurance, is retiring at the end of the year. John Keogh, president and chief operating officer of Chubb Group, will add the additional role of chair of North America Insurance to his resume, said Chubb Ltd. John Lupica Lupica was named executive […]
Chubb Group Vice Chair Lupica to Retire at 2025 End Read More »
Afore Insurance Services, LLC announced its acquisition of Salzberg Insurance Agency in Norfolk, Virginia, a firm with an 87-year history of serving the Hampton Roads business community. Terms were not disclosed. Under the agreement, Salzberg will operate as part of Afore’s Mid-Atlantic region. The leadership including Ralph Soussan, principal, and staff will continue to serve
Afore Begins Virginia Expansion With Acquisition of Norfolk’s Salzberg Agency Read More »
The North Carolina Rate Bureau is asking for 28.5% and 31% average rate increases for dwelling policies over the next two years, numbers that will likely be reduced after negotiations with the state insurance commissioner. The Rate Bureau, representing insurance carriers in the state, has recommended hefty rate increases over the last few years in
North Carolina Rate Bureau Calls for 68% Dwelling Policy Rate Hike Over 2 Years Read More »
Typhoon Kalmaegi killed 21 people and displaced nearly 400,000 more as it dumped heavy rains and caused widespread flooding in central Philippines, according to officials and local media. Many of the fatalities were in Cebu province where residents were trapped on rooftops as floodwaters rose, images released by local media on Tuesday showed. At least
Typhoon Kalmaegi Kills 21 as It Pummels Central Philippines Read More »
McCrosson Joins AXA XL Reinsurance as Senior Underwriter, US Property Treaty Dan McCrosson AXA XL Reinsurance hired Dan McCrosson to the U.S. property treaty reinsurance team in Stamford, Connecticut, as a senior underwriter, U.S. Property Treaty. McCrosson’s career spans several years at large commercial (re)insurers, where he held various underwriting roles. During his tenure, McCrosson
Hackers are infiltrating trucking and freight companies in a scheme to steal and sell cargo shipments, a growing campaign that could end up costing companies and consumers billions of dollars, according to new cybersecurity research. Sunnyvale, California-based Proofpoint Inc. said it has “high confidence” that the hackers are working with organized crime groups to pull
Hackers and Crime Rings Are Teaming Up to Steal Cargo, Cyber Firm Says Read More »
The National Association of Insurance Commissioners (NAIC) said late last week that its chief executive officer, Gary Anderson, stepped down to “pursue other endeavors.” Anderson left the NAIC on Oct. 29. NAIC Chief Regulatory Affairs Officer Jeff Johnston will serve as interim CEO effective immediately. Jeff Johnston Johnston has about 25 years of experience at
NAIC Announces Johnston Interim CEO as Anderson Departs Read More »
Spend enough time along the shores of Lake Superior and it won’t be long before there’s some reminder of what happened “when the gales of November came early.” This year marks the 50th anniversary of the wreck of the Edmund Fitzgerald, the largest and most famous of the estimated 6,500 ships that have gone down
Wreck of the Edmund Fitzgerald Still Resonates 50 Years Later Read More »
The West Virginia Office of the Insurance Commissioner is accepting comments about a proposed 47.38% average increase in auto liability rates filed by American Modern Property and Casualty Insurance Co. About 504 policyholders will be affected. Written comments will be accepted through Nov. 25, and they must be mailed to the Property Casualty Division at
WV OIC Accepting Input on American Modern’s 47% Auto Rate Increase Request Read More »
AXA XL announced the launch of a new cyber solution designed to provide construction firms in Europe, Asia and Australia with enhanced protection against the rapidly evolving landscape of cyber threats. Available by endorsement to AXA XL’s cyber insurance coverage, the solution includes coverage for: Missed bid reimbursement for income loss due to not being
AXA XL Offers Cyber Solution for Europe, APAC Construction Firms Read More »