Bobbie Goldie to Oversee Nationwide’s Private Company Management Liability, Cyber Liability Teams Bobbie Goldie Nationwide is tapping insurance industry veteran Bobbie Goldie to oversee the insurance and financial services company’s private company management liability and cyber liability teams. She’ll assume that role on May 4 and report to Tom Iorio, Nationwide’s senior vice president of management liability and specialty. A distinguished insurance executive with more than 25 years of leadership experience across cyber, financial lines, property and casualty insurance, Bobbie is widely recognized for her expertise in cyber risk, underwriting strategy, and the development of innovative insurance solutions. Most recently…
Author: Awais
The company also repurchased 119,959 shares under its share repurchase program at an average cost of $33.60 per share, including commissions and excise tax, for a total of $4.0 million. Since the program began in 2010, AMERISAFE has repurchased 2,094,099 shares at an average cost of $27.79 per share, for an aggregate $58.2 million. The remaining authorization was $12.9 million as of March 31, 2026.
Catastrophe data aggregator PERILS has released the 2026 edition of its Industry Exposure Database (IED), providing USD $150 trillion of markets sums insured exposed to natural perils for 21 different countries, with like-for-like exposures also rising 4.7% year-on-year at constant exchange rates.The IED contains markets sums insured exposed to natural perils for 21 countries, including Australia, Austria, Belgium, Canada, Denmark, France, Germany, Ireland, Indonesia, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, the Philippines, Sweden, Switzerland, Thailand, Turkey, and the United Kingdom. In total the PERILS IED 2026 contains 67 individual market portfolios. For this year, the IED provides market…
The company argues the offering is a more comprehensive approach to weight management, allowing patients to receive ongoing support care and transparent pricing on prescriptions.
Cyber insurers are bracing for “AI versus AI” risk landscape
Senate Bill 26-175, introduced during the Second Regular Session of Colorado’s Seventy-fifth General Assembly, takes aim at a long-standing irritant in workers’ compensation pricing: experience modification factors that remain inflated even after claims close at lower amounts. The bill, sponsored by Senators Marc Snyder and Marc Catlin alongside Representatives Tisha Mauro and Chris Richardson, was referred to the Senate Committee on Business, Labor, and Technology. If enacted, it would take effect on January 1, 2027.
Speaking during the Chubb first-quarter earnings call today, CEO Evan Greenberg called out supply-demand factors related to capital in the insurance and reinsurance industry, as well as high levels of intermediation cost, as softening the property insurance market at a pace he called “dumb”.Chubb reduced exposures in its Major Accounts and E&S divisions by non-renewing a substantial proportion of shared and layered property insurance business that was up for renewal, while also purchasing additional reinsurance to protect these risks, the company reported. Asked about this during the earnings call, Evan Greenberg highlighted a “hunger” that is making the difference, saying…
A program that got caught up in HHS’ decision to abandon mRNA research was revived by a public-private coalition and is now beginning a large, late-stage test that could support a future approval.
If you model a generation in which the smoking prevalence rate falls to near zero — not through gradual social change, but through a legal floor that prevents uptake entirely — the downstream effects on life insurance mortality, on health insurance claims frequency, on critical illness payouts for lung cancer, heart disease, and chronic obstructive pulmonary disease, are enormous. A cohort that does not smoke at all is a cohort that, on average, lives longer, spends less time in hospital, draws less on long-term care, and generates fewer large catastrophic claims in the middle decades of life.
The chief financial officers of some of the world’s top commodity trading houses warned that the protracted closure of the Strait of Hormuz may lead to a wave of disputes stemming from lost supply. Several oil and gas producing giants in the Middle East declared force majeure since the war began, a legal clause allowing them to not honor contractual commitments. Hundreds of millions of barrels of cargoes have gone undelivered, refineries have been forced to scale back output, and there’s been chaos across shipping markets. “We expect a lot of financial disputes and a lot of force majeure,” Mercuria…
First quarter 2026 net income at W.R. Berkley Corp. increased about 23.4% compared to the same period a year ago to about $515.2 million. Operating income for the first three months of the year was a record $514.3 million. The company ended 2025 with record Q4 operating income of $450 million and, for the full year, net income and operating income grew to records of $1.8 billion and $1.7 billion, respectively. The Q1 consolidated combined ratio for the Greenwich, Connecticut-based commercial insurer was 90.7—about flat versus a year ago. W.R. Berkley’s insurance segment combined ratio for the period increased to…
Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic waterway after U.S. President Donald Trump called off attacks indefinitely with no sign of peace talks restarting. Iran’s semi-official Tasnim news agency said the Revolutionary Guards had seized two vessels for maritime violations and escorted them to Iranian shores. It was the first time Iran has seized ships since the war began at the end of February. The Revolutionary Guards also warned that any disruption to order and safety in the strait would be considered a “red line,” Tasnim said. Earlier, a British…
The case centered on Stephen M. Dodge, a longtime state employee who was exposed to airborne asbestos fibers both on the job and at home over the course of several decades. Dodge worked as a custodian for the Town of Manchester during the summer of 1967, sweeping and buffing asbestos-containing flooring. He then spent 30 years, from 1973 to 2003, as an analyst at the Department of Motor Vehicles headquarters in Wethersfield, a building that contained asbestos material throughout and had elevated concentrations of asbestos fibers in the air. Outside of work, Dodge had also been exposed to asbestos through products including grinding wheels, joint compounds, drywall, and…
A federal judge on April 21 delayed the planned criminal sentencing of Purdue Pharma by one week, saying she wanted to allow more public participation before concluding a criminal case over the company’s marketing of addictive opioid drugs. U.S. District Judge Madeline Cox Arleo was expected to accept Purdue’s 2020 guilty plea at a court hearing in Newark, New Jersey, which would have imposed a $3.5 billion criminal fine and $2 billion in criminal forfeiture against the company for its role in fueling an opioid epidemic that has claimed more than 1 million lives in the U.S. since 2000. Arleo…