Insurers
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Last month’s inflation figures were lower than expected, but tariffs continue to loom.
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She replaces Matt Westhoff, who left in October to lead QBE NA.
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Commissioner Lara also proposed a $500mn cash infusion from parent State Farm.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
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A rebound is expected this year, however, led by strong US activity.
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This year’s coverage will involve $2.94bn of new risk transfer.
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Four cat modelers have also submitted their tech for regulatory review.
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The industry continues to take reserve addition medicine in smaller doses than recommended.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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