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State officials advised carriers to settle claims swiftly or face "disciplinary action". -
More than 20 other carriers are still pursuing the case, including Markel, Chubb and Munich Re.
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DropIn founder Louis Ziskin explains how his InsurTech can slash claims costs and curb fraud.
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The proposal would provide less than half of what insurers are seeking.
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The Bermuda (re)insurer exits management liability, along with marine hull, power and product recall.
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The current litigation environment is worse than Travelers expected, the executive said at a conference.
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The portfolio holds almost $200mn in net reserves.
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The executive said the carrier is moving towards “balance between underwriting and investment”.
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William Berkley said a continued uptick in jury awards would apply sustained pressure on the casualty and PI markets.
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Clare Constable and Will Morris join the business as director of claims and director of underwriting for delegated authority.
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August has been in no way tranquil for P&C stocks.
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The P&C program specialist is led by co-founders Erik Matson and David Paulsson.
