Chad Hemenway, Insurance Journal

Chad Hemenway

Insurance Journal

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  • Insurance Journal
  • Claims Journal

Recent articles by Chad:

Lemonade Records Another Q2 Loss, Changes Pace For Profitability

Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, → Read More

Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’

In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on → Read More

Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment

Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining order against → Read More

Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss

Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate → Read More

America First Insurance Group Launches for Conservative Customers

Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the country's first → Read More

Gallagher Sues Alliant Again for Alleged ‘Corporate Raid’ of Employees

Broker Arthur J. Gallagher filed another poaching lawsuit against Alliant Insurance Services, alleging Alliant is "presently engaged in a corporate raid → Read More

Lemonade Lays Off Metromile Employees Immediately

Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile → Read More

Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg

Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to "keep pace with loss costs, which are hardly → Read More

Travelers Wants Out of Contract With Insured That Allegedly Misrepresented MFA Use

In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the → Read More

Acrisure Buys Naming Rights of Pittsburgh Steelers Home Field

Grand Rapids, Michigan-based fintech Acrisure has purchased the naming rights of the Pittsburgh Steelers' home field, which will be known as Acrisure → Read More

Insurers Wrangle Over Amber Heard Defamation Costs

A little over a month after a jury found that actress Amber Heard had defamed ex-husband Johnny Depp, one insurer of Heard is asking a court to rule it → Read More

Rates Increases Steady in Q2: MarketScout

MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite → Read More

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus → Read More

‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles

Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, → Read More

Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition

Insurtechs and insurance companies are "breaking down the wall" that stood between them as competitors in favor of working together to tackle dynamic → Read More

Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market

The hard market for cyber insurance, which is expected to continue for "some time," and a lack of capacity has made captive insurers an "attractive risk → Read More

Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker

Howden Group Holdings said it has created the "much-needed fourth global player in the reinsurance market" with an announcement it has acquired TigerRisk → Read More

Liberty Mutual Chairman and CEO Long to Retire; Sweeney Named Successor

Liberty Mutual Insurance said David H. Long, CEO since 2011 and a nearly 40-year veteran of the company, will retire at the end of the year. The company's → Read More

Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI

A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of → Read More

Colorado St. Hurricane Team Now Forecasts ‘Well Above-Average’ Hurricane Season

A day after hurricane season began on June 1, the hurricane research team at Colorado State University upped its forecast of the Atlantic hurricane season → Read More