Patricia Wells

Everest Group and VIG Re have announced significant leadership changes that will shape their future operations. At Everest Group, Joseph V. Taranto, the long-serving chairman, will retire when his term ends in May 2025. Taranto has been with the company since 1994, serving as chairman and CEO during his tenure. His leadership has been pivotal … Read more

The Marion County Prosecutor’s Office has charged 22-year-old Gurpreet Singh with arson and intent to commit fraud. This news comes after an investigation into a house fire that occurred on April 22, 2024, in the 5700 block of Tart Boulevard in Indianapolis. Firefighters responded to the blaze shortly after 11 PM. When they arrived, they … Read more

Recent reports show that the property and casualty insurance industry is in better shape than many had predicted. Despite fears of a collapse due to climate-related disasters, the financial results for 2024 indicate strong performance. The industry posted a combined ratio of 96.6%, a significant improvement from the previous year’s 101.8%. This ratio measures losses … Read more

Policy discussions surrounding the use of artificial intelligence (AI) in the insurance industry have sparked significant debate. The National Association of Mutual Insurance Companies (NAMIC) recently released an analysis claiming that concerns over AI in insurance are misplaced and could harm policyholders. The report highlights worries from regulators and advocates about potential discrimination linked to … Read more

QBE North America has launched a new media liability endorsement aimed at supporting media organizations facing legal challenges. This endorsement is particularly relevant as it addresses issues arising from consumer protection laws that can affect free speech rights under the First Amendment. Chris Cooper, a senior vice president at QBE North America, emphasized the importance … Read more

The National Highway Traffic Safety Administration (NHTSA) is looking into nearly 1.3 million Ford F-150 pickup trucks due to concerns about unexpected gear shifts. This investigation affects models from 2015 to 2017 and comes after 138 complaints from drivers. Drivers have reported that their trucks can suddenly downshift to lower gears while driving at highway … Read more

Lloyd’s of London reported solid financial results for 2024, showcasing its ongoing commitment to disciplined underwriting and profitable growth. The market achieved a profit before tax of £9.6 billion, which is a slight decline from £10.7 billion in 2023. Despite this drop, the company enjoyed a 6.5% increase in gross written premiums, totaling £55.5 billion, … Read more

Independent insurance agents are facing a crucial moment as many recognize the need to upgrade their outdated systems. Many agencies still rely on a mix of spreadsheets, emails, and paper files, which can lead to inefficiencies and frustration. To thrive in today’s fast-paced insurance market, agents must transition to a modern, all-in-one agency management system. … Read more

Air Lease Corp., an aircraft leasing company, announced on Monday that it has received $328.5 million in cash as part of insurance settlements. This payment is related to aircraft that were stranded in Russia after the country invaded Ukraine in 2022. Before the invasion, Russia was an important market for aircraft leasing companies. They would … Read more

Argo Group International Holdings has appointed Chris Donahue as its new CEO. This change comes after Donahue joined the company as chief financial officer in November 2023, right when Brookfield Reinsurance finalized its acquisition of Argo Group. Jessica Buss, who was the CEO at that time, is stepping down from her role. Jonathan Bayer, chair … Read more