Chad Hemenway
Insurance Journal
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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