Chad Hemenway

2 weeks ago | insurancejournal.com | Chad Hemenway

Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administration on April 2 applied at least a 10% tariff on all exporters to the U.S.—with dozens of countries seeing higher, in some cases much higher, tariffs. Plus, a 25% tariff applies to all imported cars and parts.

2 weeks ago | carriermanagement.com | Chad Hemenway

The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms and nine hurricanes – with four major hurricanes of at least Category 3 (111 mph or more) strength. The average hurricane season typically has 14 named storms, seven hurricanes and three major hurricanes.

3 weeks ago | insurancejournal.com | Chad Hemenway

About a year into the litigation between American International Group and startup Dellwood Insurance Group, a federal judge will allow much of AIG’s lawsuit to proceed against its newest potential competitor in the excess and surplus market. Judge Evelyn Padin in U.S. District Court for the District of New Jersey ruled AIG can amend its complaint and go ahead with allegations of misappropriation of trade secrets and unfair competition by Dellwood.

3 weeks ago | insurancejournal.com | Chad Hemenway

Broker Lockton early this week issued its outlook of the mostly buyer-friendly U.S. property/casualty market with eye on potential changes in directors and officers liability. The latest edition of the Lockton Market Update noted public and private D&O insurance buyers continue to see a stable market, with rates for public companies dropping 9.5% during the fourth quarter 2024. However, many insurers look to have “reduction fatigue,” according to Lockton.

4 weeks ago | carriermanagement.com | Chad Hemenway

Policy discussions on the use of artificial intelligence in insurance are “unfounded” and “detrimental to policyholders,” according to an analysis from the National Association of Mutual Insurance Companies.