Harleysville Group Inc. announces the appointment of Arne Herenstein as senior vice president and CIO. In this position, he will direct the company’s ongoing information technology strategy, integration, and development efforts. He will report to Michael L. Browne, Harleysville Group’s president and chief executive officer.
Harleysville Group Inc. announces the appointment of Arne Herenstein as senior vice president and CIO. In this position, he will direct the company’s ongoing information technology strategy, integration, and development efforts. He will report to Michael L. Browne, Harleysville Group’s president and chief executive officer.
While one insurance executive says the current market cycle has been “very unique and different” because its bottom coincides with an economic downturn, another executive says the same human factors of “fear and greed” are driving insurers’ behavior.
The on-demand capabilities of cloud computing make it a compelling alternative for insurers looking to reduce costs around both applications and infrastructure. Yet concerns about security, stability, control, and other risks have caused the insurance industry to be relatively slow adopters of cloud technologies.
A South Carolina bill that would define an “occurrence” in construction general liability insurance contracts in a way opposed by the insurance industry passed the Senate, and an insurer group is seeking to delay action in the House until the courts weigh in again.
It is urgent that certainty be created in the National Flood Insurance Program by enacting a long-term extension of the program, insurance industry trade groups told Congress.
Is a construction defect an occurrence covered by a commercial general liability policy? That’s the key question for homebuilders and contractors facing Chinese drywall damage claims. The insurance and liability issues are becoming increasingly complicated by conflicting state court rulings over the lingering coverage question.
Insurance groups are opposing a bill under consideration in South Carolina that would reverse a recent court ruling on what is considered an “occurrence” in construction general liability insurance contracts.