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Negotiations come after Insurance Insider US revealed that the Bermudian was running an auction.
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Included is the full utilization of $25mn available under its cat aggregate treaty.
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Civil case, nuclear verdict and claims count data show worrying trends.
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The lawsuit demands coverage from insurers following opioid and product liability-related settlements.
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The promoted employees have all been with BHSI’s Singapore offices for years.
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States are grappling with first responder claims litigation as some move to expand presumptions to more worker types.
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While the alleged fraud is shocking, could it suggest the industry is under-investing in claims?
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This is in large part due to the current legal environment and inflation continuing to push medical pricing up.
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The P&C industry reported its best Q2 combined ratio since 2021, but was still a loss-making underwriting result.
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The report flagged “opportunistic underwriting” by many of the major markets.
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The top four lines posted low-single digit to high-single digit policy count growth.
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Premiums increased 5.6% across all major lines, down from last quarter.