Chad Hemenway

/Chad Hemenway

About Chad Hemenway

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So far Chad Hemenway has created 42 blog entries.
26 08, 2026

Nuclear Verdicts Go Boom, Increase 40.7% in 2025

By | August 26th, 2026|Uncategorized|Comments Off on Nuclear Verdicts Go Boom, Increase 40.7% in 2025

So-called “nuclear” verdicts did not subside in 2025. In fact, it was quite the opposite. According to a new report from strategic communications and research firm Marathon Strategies, there were nearly 200 verdicts resulting in an award of at least …

24 08, 2026

USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US

By | August 24th, 2026|Uncategorized|Comments Off on USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US

USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to a lawsuit filed earlier this month in U.S. District Court for the Eastern District …

20 08, 2026

CIAB Survey: Overall Soft Market Conditions Continue in Q2

By | August 20th, 2026|Uncategorized|Comments Off on CIAB Survey: Overall Soft Market Conditions Continue in Q2

Average commercial insurance premiums decreased across all account sizes for the first time since 2017 during the first quarter. The trend continued for the second quarter. During Q2 2026, The Council of Insurance Agents & Brokers (CIAB)’s market survey found …

19 08, 2026

Regulator Objections Quantified: ZestyAI Says 44% of Filings Have at Least One

By | August 19th, 2026|Uncategorized|Comments Off on Regulator Objections Quantified: ZestyAI Says 44% of Filings Have at Least One

ZestyAI said it looked at tens of thousands of home, auto, and commercial property rate filings in all 50 states and found just how long regulator objections can hold up the approval process. About 44%, or 8,776, of filings analyzed …

18 08, 2026

Hackers ‘Learn in Real Time’ As Agentic AI Drives 36% Uptick in Found Vulnerabilities

By | August 18th, 2026|Uncategorized|Comments Off on Hackers ‘Learn in Real Time’ As Agentic AI Drives 36% Uptick in Found Vulnerabilities

The use of agentic artificial intelligence is benefiting research in cyber vulnerabilities faster than it is used to exploit them—so far, according to new research. Beazley Security’s “Q2 2026 Quarterly Threat Report” found agentic AI used in research drove a …

22 07, 2026

Insurance M&A Pace Down 15% in First Half 2026: OPTIS

By | July 22nd, 2026|Uncategorized|Comments Off on Insurance M&A Pace Down 15% in First Half 2026: OPTIS

Insurance agency mergers & acquisitions in the first six months of 2026 were down 15% compared with the same period last year. As it did in its first-quarter report, investment banking and financial consulting firm OPTIS Partners said a downward …

22 07, 2026

Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property

By | July 22nd, 2026|Uncategorized|Comments Off on Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property

Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared …

23 07, 2026

Deja Vu as Berkley Bashes Delegated Underwriters

By | July 23rd, 2026|Uncategorized|Comments Off on Deja Vu as Berkley Bashes Delegated Underwriters

W.R. Berkley’s CEO wasted no time addressing the issue that has been stuck in his craw for at least a year. “We continue to have great concern around much of the [delegated underwriting authority] model and how it’s participating in …

23 07, 2026

Deja Vu as Berkley Bashes Delegated Underwriters

By | July 23rd, 2026|Uncategorized|Comments Off on Deja Vu as Berkley Bashes Delegated Underwriters

W.R. Berkley’s CEO wasted no time addressing the issue that has been stuck in his craw for at least a year. “We continue to have great concern around much of the [delegated underwriting authority] model and how it’s participating in …

30 06, 2026

US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio

By | June 30th, 2026|Uncategorized|Comments Off on US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio

The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53—the first time …