Chad Hemenway

/Chad Hemenway

About Chad Hemenway

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So far Chad Hemenway has created 7 blog entries.
13 09, 2022

Property Catastrophe Reinsurance Entering a True Hard Market

By | September 13th, 2022|Uncategorized|Comments Off on Property Catastrophe Reinsurance Entering a True Hard Market

Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain times can also be good for reinsurers. Demand for reinsurance protection is high, competitive pressures are easing, and pricing power …

25 08, 2022

State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

By | August 25th, 2022|Uncategorized|Comments Off on State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims

State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program following Hurricane Katrina, have settled. According to documents …

17 08, 2022

Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage

By | August 17th, 2022|Uncategorized|Comments Off on Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage

Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate change lawsuits brought by local governments in Honolulu …

8 07, 2022

Tech Giants Brace for Legal Mess of Abortion Data Subpoenas

By | July 8th, 2022|Uncategorized|Comments Off on Tech Giants Brace for Legal Mess of Abortion Data Subpoenas

Technology giants including Apple Inc., Microsoft Corp. and Google, facing questions about whether they’d hand over users’ personal data to authorities pursuing evidence on abortion seekers, are bracing for the multi-state legal quagmire that will govern privacy in a post-Roe …

7 07, 2022

US Testing New Fire Retardant, Critics Push Other Methods

By | July 7th, 2022|Uncategorized|Comments Off on US Testing New Fire Retardant, Critics Push Other Methods

U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging …

19 05, 2022

Where Property Insurance Buyers Are Headed: A Paradigm Shift

By | May 19th, 2022|Uncategorized|Comments Off on Where Property Insurance Buyers Are Headed: A Paradigm Shift

Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a leading broker of commercial insurance, reports that fourth-quarter 2021 was the 17th consecutive quarter of positive rate increases for commercial …

8 04, 2022

PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming

By | April 8th, 2022|Uncategorized|Comments Off on PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming

There is no longer a need to ponder the “next asbestos” because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is enough to keep the industry on …