State Auto Group is now owned by Liberty Mutual Insurance. Insurance defense law firms that are on the State Auto panel counsel program will want to monitor their portfolio of cases closely. Through the mutual transaction and merger, originally announced in July 2021, Liberty Mutual adds $2.3 billion in premium and becomes the second-largest carrier […]
ProSight Rebrands as Coaction Specialty
Coaction Specialty is the new name for ProSight Global, Inc., a specialty underwriter founded in 2009. The parent company is Coaction Global, Inc. Insurance defense law firms that are ProSight panel counsel members will want to educate themselves on the reasons behind the corporate ownership change and what it may mean for the future. Coaction […]
Florida Homeowners Insurance Market in Turmoil
Nine Florida homeowners insurance companies, listed below, have entered into liquidation in recent years. Other Florida homeowners insurance carriers have announced plans to either cut back or stop writing new policies. Panel counsel law firms for Florida homeowners insurance carriers will want to keep one eye on their claims files while also actively looking for […]
Berkshire Hathaway to Acquire Alleghany Corporation
RSUI Group, CapSpecialty, and Transatlantic Holdings are being acquired by Berkshire Hathaway as part of its purchase of Alleghany Corporation, according to a March 21, 2022 news release. The transaction is valued at $11.6 billion and is expected to close by the end of the year. Berkshire Hathaway panel counsel attorneys and Alleghany panel counsel […]
Chubb Pursues Digital Transformation
Chubb panel counsel members will want to take note of on-going initiatives to drive transformational change through technology. “Chubb is transforming itself to a company built to thrive in the digital age,” according to a Chubb news release. In January, the Zurich-based insurance giant announced the appointment of a “Digital Transformation Officer” at the EVP […]
Litify to Host LitiQuest Insurance Conference
The future of claims litigation is the primary focus at a one-day executive summit being held in California in early April 2022. Litify, a provider of legal operating system and case management software, is the lead sponsor. AmTrust, Acceptance Insurance, Deloitte, CLM, and Nth Degree are among the industry leaders also participating in the event. […]
Cyber Insurance Panel Potential
As ransomware attacks and data breaches increase, cybersecurity insurance policies represent a growing coverage area. Insurance defense law firms may find new cyber insurance panel opportunities if they take the time to learn the industry. There are now 4 million cyber insurance policies in place for cyber coverage, according to a 2021 report by the […]
California Fires Burn Homeowner Carriers
AIG and Chubb intend to non-renew thousands of high-end California homeowner policies over the coming months as a result of fire exposure in the state, according to a recent Wall Street Journal article titled “Wildfire Risk in California Drives Insurers to Pull Policies for Pricey Homes.” Law firms that are members of the AIG panel […]
News for Allstate Panel Counsel Members
Allstate is pursuing a three-year goal of becoming the “most diverse digital protection solutions company.” The strategic focus on all things digital includes staffing and cost-cutting measures, automated claims processing, and new premium pricing models. This article highlights leading initiatives of interest to insurance defense law firms that serve as Allstate panel counsel. Technical Innovations […]
Liberty Mutual to Buy State Auto
The 33-state insurance market built by State Auto Financial is being sold to Liberty Mutual for $2.3 billion. The deal is approved by the State Auto board and is expected to close in 2022. State Auto panel counsel law firms will want to take note. Liberty Mutual, already the fifth largest P&C insurer based on […]
