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Arch Insurance Promotes Head of Third-Party Claims to Chief Claims Officer

May 01, 2024 Arch Insurance International promoted Barbara Rizzi to chief claims officer, effective immediately. Rizzi will be responsible for...

Prudential to Close Assurance IQ Following Losses in Wake of 2019 Acquisition

May 01, 2024 Prudential Financial Inc. said it will shutter its Assurance IQ direct-to-consumer platform less than five years after announcing the $2...

Ryan Specialty Completes Deal for Castel, Enhances International Leadership

May 01, 2024 Ryan Specialty has completed its acquisition of managing general underwriting platform Castel Underwriting Agencies Ltd. from Arch...

Ascot Group Names Head of US Excess Casualty

May 01, 2024 Ascot Group has named Erin Osborne, currently vice president, Northeast, as head of U.S. excess casualty. Osborne will assume full management and leadership...

Insurance Journal

Travelers to Open Technology Office in Atlanta

May 01, 2024 Just as companies worldwide struggle with the office-versus-remote work question, Travelers has decided to open a 2,800-square-foot office site in Atlanta to house its artificial...

Prudential to Wind Down Direct-to-Consumer Assurance Business

May 01, 2024 Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential Financial routinely...

Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress

May 01, 2024 Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company...

Kansas Won’t Legalize Medical Marijuana for at Least a Year

May 01, 2024 TOPEKA, Kan. (AP) — Kansas will remain among the handful of states that haven’t legalized the medical use of marijuana or expanded their Medicaid programs for at...

Claims Journal

J&J Seeks Backing for $11 Billion Baby Powder Cancer Deal

May 01, 2024 Johnson & Johnson will ask thousands of people suing over its allegedly tainted baby powder to vote in favor of a settlement that would allow the company to resolve...

New Vehicle Registrations in California Rose, While Tesla Registrations Dropped Again

May 01, 2024 The first quarter of the year saw the sixth straight quarterly increase (.7%) in overall registrations in California in the first quarter from...

CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance

May 01, 2024 Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut...

Sedgwick Executive Chairman North to Retire, But Stay on Board

May 01, 2024 Dave North is retiring from his role as Executive Chairman of Sedgwick, but plans to remain a member of the company’s board of directors. North’s...