Patricia Wells

The U.S. property and casualty insurance industry has turned a corner, reporting its first full-year underwriting gain in four years. This positive shift has contributed to a significant increase in net income, which soared to $170 billion in 2024. According to a report from Verisk and the American Property Casualty Insurance Association (APCIA), this figure … Read more

Travelers Companies has rolled out a new service called Travelers Cyber Risk Services. This suite is designed to enhance its cyber liability policies, aiming to help businesses reduce the risk of cyberattacks and lower recovery costs if they do occur. The service includes several valuable features. One standout is the Cyber Risk Dashboard, which is … Read more

Many companies rely on recruiters to find the best talent. However, if recruiters are not doing their job well, it can hurt your chances of hiring quality candidates. This issue is becoming more apparent as businesses notice red flags in the recruiting process. One major concern is when candidates are not properly vetted. Companies often … Read more

A major oil spill off the coast of Nigeria in December 2011 has raised serious concerns about safety practices in the offshore oil industry. The incident began when a leak occurred in a pipeline connecting a production vessel to a tanker. Over three hours, the crew realized that more oil was being lost than was … Read more

Peak Reinsurance Co. Ltd., a reinsurer based in Hong Kong, has exciting news. The company has received a reinsurance branch license to operate in India. This is a big step for Peak Re as it aims to expand its presence in emerging markets across Asia. The license allows Peak Re to write both property and … Read more

The Hanover, a property-casualty insurance company based in Worcester, Massachusetts, has appointed Dick Lavey as its new chief operating officer. This role is newly created as the company looks to strengthen its leadership team. Lavey brings a wealth of experience to the position, with 35 years in the insurance and technology sectors. He has spent … Read more

A woman from Pennsylvania is facing legal trouble after allegedly filing a fake insurance claim related to a barn she sold for a TV show. Tracey Jeffreys, 63, lives in the Milton area and had a deal with the Discovery Channel for the show "Barnwood Builders." The plan was to take apart her barn and … Read more

The reinsurance market is seeing a wave of positive changes as we move through 2025. Recent reports from Aon and Gallagher Re highlight a competitive environment that favors buyers, with plenty of capacity and price cuts for accounts that haven’t faced losses. This trend follows similar favorable conditions noted in January. Aon’s report, “Reinsurance Market … Read more

Managing insurance operations can be quite a challenge for managing general agents (MGAs) and wholesalers. To address these challenges, Expert Insured has launched a new agency management system. This platform, built on over 15 years of experience and recently updated using .NET Core technology, aims to simplify the insurance lifecycle from underwriting to policy issuance … Read more

Oracle Corp. recently informed its customers about a security breach where hackers accessed and stole old client login credentials. This incident marks the second cybersecurity issue the company has disclosed in just a month. According to sources familiar with the situation, Oracle staff alerted some clients this week that the attacker managed to obtain usernames, … Read more