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People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles

Article 0 Comments CNA Financial Corp., headquartered in Chicago, made several leadership appointments across key business segments. David Haas has been appointed president global specialty, where he will oversee financial lines, healthcare, affinity and warranty. A seasoned executive at CNA, Haas most recently served as senior vice president, national accounts, casualty. Michael Nardiello has been appointed as president global property and casualty. In this expanded role, he will continue to lead property and marine, globally, in addition to now leading casualty globally. Nardiello’s previous role at CNA was senior vice president, global property unit business head. Song Kim has been appointed president global commercial industry segments, expanding his responsibilities to include construction alongside middle market and small business. With the addition of construction, Kim now leads all global commercial industries. Topics Leadership Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Leadership? Get automatic alerts for this topic.

Companies Struggle to Meet Rising Demand for Personalized Benefits: Aon Survey 0

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Companies Struggle to Meet Rising Demand for Personalized Benefits: Aon Survey

Global survey of benefits professionals found only 14 percent of multinationals have global guidelines in place to support personalization Dublin (Aug. 1, 2025) – Aon plc, a leading global professional services firm, is pleased to announce the release of its 2025 Global Benefits Trends Study, which finds that multinational companies are under mounting pressure to offer personalized, inclusive benefits – yet most lack the governance, tools or frameworks to deliver at scale. The study, based on responses from more than 500 global benefits professionals across 45 countries and 16 industries, reveals that only 14 percent of multinationals have global guidelines in place to support personalization, while 65 percent of employees at multinationals would trade current benefits for more choice. According to the study, cost management is the top priority for 70 percent of multinationals, with medical inflation cited as the key cost driver. But delivering employee value has surged to the forefront of the strategic agenda, now ranking among the top three objectives for benefits leaders. This disconnect underscores a new challenge for global benefits leaders: meeting rising employee expectations for flexibility while managing escalating costs. Seventy seven percent of survey respondents plan to negotiate their costs with existing benefits vendors...

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North Carolina Man Charged With More Than $1M in Travel Insurance Fraud

Article 0 Comments Investigators with the North Carolina Department of Insurance last week charged a man with swindling almost $1 million and attempting to gain another $887,500 from travel insurance companies from 2020 to 2024. Michael Gerard Renna, 50, of Clayton, near Raleigh, was charged with 26 counts of insurance fraud, 18 counts of obtaining property by false pretenses and 10 counts of attempting to obtain property by false pretenses, Insurance Commissioner Mike Causey announced. Renna allegedly forged medical documents and altered identification, credit card statements and flight information, then submitted the documents along with claims for travel losses. He was arrested Friday and was being held on $1 million bond in the Johnston County jail ahead of a Monday court appearance, according to the county sheriff’s office. The North Carolina Department of Insurance did not name the travel insurance companies that were defrauded or explain how the scheme was uncovered. Topics Fraud North Carolina Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you...

Guidewire Niseko Release Delivers Financial and Risk Insights 0

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Guidewire Niseko Release Delivers Financial and Risk Insights

Niseko delivers new offerings and functionality designed to help insurers, Bringing Unprecedented Clarity Into Business Performance San Mateo, CA (Aug. 4, 2025) – Guidewire is pleased to announce Niseko, its latest release, designed to give insurers unprecedented insight into financial performance and risk exposure. Niseko empowers developers with tools that streamline updates to custom software extensions, automate and reuse core business functions to speed development, and enhance operational efficiency through intelligent automation. “With Niseko, developers now have access to pre-built insurance data models that enhance access to complex core data and come with built-in financial and operational intelligence for improved decision-making,” said Diego Devalle, Chief Product Development Officer, Guidewire. “Niseko also introduces a dedicated extension layer that simplifies software customization, and Guidewire Functions that automate business tasks and logic to enhance the development process.” Niseko delivers new offerings and functionality designed to help insurers: Gain faster financial and business insights with Policy Insurance Data Model and Claims Insurance Data Model. These are auto-generated, dimensional models that simplify access to underlying InsuranceSuite policy and claims data. Modernize the development process and accelerate business logic implementation with Guidewire Functions. Enabled using a Functions-as-a-Service approach, developers can quickly build modular, reusable business tasks...

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Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos

Article 0 Comments Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia, where last week a court mostly ruled against it in a lawsuit brought by Fortnite maker Epic Games accusing Google and Apple of preventing rival application stores in their operating systems. Google’s YouTube was also last month added to an Australian ban on social media platforms admitting users aged under 16, reversing an earlier decision to exempt the video-sharing site. On anti-competitive tie-ups with Australian telcos, the country’s consumer watchdog on Monday said Google struck deals with Telstra and Optus, under which the tech giant shared with them advertising revenue generated from Google Search on Android devices between late 2019 and early 2021. Google admitted the arrangement had a substantial impact on competition from rival search engines, and has stopped signing similar deals while also agreeing to the fine, the Australian Competition and Consumer Commission (ACCC) added. “Today’s outcome … created the...

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Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation

Article 0 Comments Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which is designed to help estimate the impact of future catastrophic wildfire events. The Verisk Wildfire Model for the United States was reviewed through the newly established Pre-Application Required Information Determination Procedure. The California Department of Insurance and Verisk announced the review of that model was completed in late July. The CDI also recently completed a review of the KCC US Wildfire Reference Model Version 3.0, making it the state’s second wildfire catastrophe model. Once approved, the Mercury filing will allow the carrier to grow its footprint in higher wildfire risk areas, according to the company. The rate filing calls for an overall average rate increase of 6.9%, which the company said reflects increased inflationary cost pressures and exposure related to catastrophic events such as wildfires. According to Mercury, the rate increase won’t be allocated evenly across all policyholders, with residents in higher risk areas possibly getting larger increases and customers in lower risk areas could seeing decreases. Mercury also...

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12 States With the Highest Rates of Billion-Dollar RIAs

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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DOJ Sues California to End Enforcement of Emissions Standards for Trucks

Article 0 Comments The U.S. Justice Department said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks. The DOJ said it filed two complaints this week in federal courts against the California Air Resources Board on the state’s enforcement of preempted emissions standards through its so-called “Clean Truck Partnership” with heavy-duty truck and engine manufacturers. “These actions advance President Donald J. Trump’s commitment to end the electric vehicle (EV) mandate, level the regulatory playing field, and promote consumer choice in motor vehicles,” it said in a statement. (Reporting by Sullivan and Acharya; Editing by Caitlin Webber) Topics Lawsuits California Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Lawsuits? Get automatic alerts for this topic.

Willis predicts natural catastrophes will not offer insurers any respite in 2025 0

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Willis predicts natural catastrophes will not offer insurers any respite in 2025

London, UK (July 31, 2025) – Natural catastrophes continue to put a strain on global insurance markets, according to the latest Natural Catastrophe Review published by Willis, a WTW business, a leading global advisory, broking, and solutions company. Worldwide, insured losses from natural catastrophes now consistently exceed USD 100 billion per year. It’s been six years since the insurance industry last experienced a year with low losses from natural catastrophes. Events so far in 2025 indicate that losses exceeding USD 100 billion will very likely continue for at least one more year. The Willis Natural Catastrophe Review is a biannual publication that provides insight into recent natural catastrophes and shares expert views on the risks posed by major perils. It sets out the causes and effects of major catastrophes in 2025 so far and goes beyond the headlines to identify the underlying factors that made them possible. The Review also provides an expert outlook for the rest of the year and into 2026, exploring potential threats from hurricanes, drought, flood and other hazards. Other key trends to note: Exceptional natural catastrophes: So far, major events in 2025 include the Los Angeles wildfires (globally, the worst wildfire event ever with respect...