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Chad Hemenway

New York

National News Editor at Insurance Journal

National News Editor, Insurance Journal Insurance News | Baseball | I should have been a farmer | Thoughts are mine.

Articles

  • 3 days ago | insurancejournal.com | Chad Hemenway

    Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.6 billion, and it will reduce the company’s debt relative to equity while simplifying its governance structure by repurchasing units from existing minority investors.

  • 2 weeks ago | carriermanagement.com | Chad Hemenway

    Insurance industry financial strength rating agency AM Best said that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require the rethinking of some products. About two weeks ago NOAA announced it will “retire” a free, public database of climate and weather disasters that caused at least $1 billion in damage, “with no updates beyond calendar year 2024.” Past reports from 1980-2024 will be archived.

  • 2 weeks ago | claimsjournal.com | Chad Hemenway

    The American Property Casualty Insurance Association chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, totaling more than $8 billion paid to policyholders,” said David A. Sampson, president and CEO of industry trade association APCIA.

  • 2 weeks ago | insurancejournal.com | Chad Hemenway

    Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require the rethinking of some products. About two weeks ago NOAA announced it will “retire” a free, public database of climate and weather disasters that caused at least $1 billion in damage, “with no updates beyond calendar year 2024.” Past reports from 1980-2024 will be archived.

  • 2 weeks ago | carriermanagement.com | Chad Hemenway

    According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2 percent—down 22 percent from the last three months of 2024 and a “clear” signal of soft market conditions. Though the first three months of 2025 was the 30th straight quarter of increases across all account sizes, medium-sized accounts slowed significantly, with an average Q1 increase of 3.6 percent.

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Chad Hemenway
Chad Hemenway @CTHemenway
14 Mar 22

Congress Approves #Cyber Attack Reporting Requirement for U.S. Companies https://t.co/t08yXTJwfk

Chad Hemenway
Chad Hemenway @CTHemenway
2 Mar 22

Many Boardrooms Still Fail to Grasp #ESG Risk, Marsh Review of Annual Reports Finds https://t.co/8CVRC0z7a1

Chad Hemenway
Chad Hemenway @CTHemenway
1 Mar 22

Ah, 🤬

Jon Heyman
Jon Heyman @JonHeyman

The players have now officially voted down the MLB” best and final” offer. No deal.