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INSURANCE NEWS
People Moves: Resilience Makes Underwriting, Distribution Promotions; Duhart Now Specialty CUO of HDI Global US
Resilience, headquartered in San Francisco, promoted Chris Pitcher to head of North America underwriting strategy and operations and Alex Carleton to U.S. distribution leader. Pitcher joined Resilience in 2025 and most recently served as senior vice president of enterprise underwriting …
Idaho Man Sentenced for Insurance Fraud for Raft He Never Owned
A Kuna, Idaho, man was sentenced to a stint in jail and probation for insurance fraud involving a claim for a whitewater raft that he did not own. Justin Moss filed a claim for more than $17,000 from Progressive Insurance …
EPIC Acquires High Net Worth Firm Randall Insurance in California
EPIC Insurance Brokers & Consultants acquired E. Broox Randall & Sons Inc. in Los Angeles. The acquisition expands EPIC’s Private Client practice and commercial insurance operations in Southern California. Randall Insurance was founded in 1922 by E. Broox Randall and …
Connecticut Approves 4.9% Workers’ Compensation Decrease for 2027
The Connecticut Insurance Department has approved decreases in workers’ compensation rates for employers starting January 1, 2027. The voluntary market loss costs will decrease -4.9% overall, while assigned risk plan rates will go down -5.8% overall. The changes reflect the …
AIG’s General Insurance Q3 Underwriting Income Down 29%
Third quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment decreased nearly 30% compared with the prior year, to $564 million. Insurance financial results for Q3 included catastrophe losses of $283 million, and increase over the $100 …
Trump Says More FEMA Aid is Coming to Texas After 2026 Floods
President Donald Trump pledged to provide more federal aid to Texas flood victims after the Federal Emergency Management Agency denied the state’s initial request to help individuals recovering from widespread floods in July. The flooding swept through portions of southwest …
Michigan Health Care Provider to Pay $41K in Race Discrimination Lawsuit
Mid-Michigan Home Health & Hospice, L.L.C., a private in-home health care provider to clients throughout central Michigan, will pay $41,137 and provide other relief to settle a race discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission …
Americans Reject Use of AI for Medical and Coverage Decisions
Most Americans don’t want artificial intelligence making decisions about their medical care and insurance, according to a new Pew Research Center report. While Americans are generally open to AI use in healthcare for tasks like translating, 60% of the 3,488 …
People Moves: Specialty Program Group Adds Dearing as SVP of SPG ExecuPro
Specialty Program Group has added Victoria “Vicky” Dearing as senior vice president of SPG ExecuPro, the Eecutive & Professional Liability solution within SPG Wholesale. Dearing brings more than 45 years of insurance industry experience, including over three decades specializing in …
People Moves: Brown & Riding’s National Management & Professional Liability Practice
Matthew Allen has joined Brown & Riding‘s national management & professional liability practice. Allen has over 15 years of industry experience and specializes in D&O, EPL, fiduciary, and crime coverage for private and nonprofit organizations, and professional and cyber liability …
Erie CEO NeCastro Steps Down Early; Bolash Named Interim Leader
Erie Insurance President and CEO Tim NeCastro, who announced in February that he would be retiring at the end of the year, stepped down today. The company statement said NeCastro “has decided to conclude his tenure with Erie earlier due …
Legacy Specialist RiverStone Enters ILS Market; Completes QBE Loss Portfolio Transfers
RiverStone International, the Bermuda-based legacy acquisition specialist, announced two major loss portfolio transfer (LPT) reinsurance deals, including its first involving the insurance-linked securities (ILS) market. The ILS transaction, announced on Oct. 30, involved the reinsurance of portfolios associated with funds …