Florida E&S Lines: Premium /  Policy CountJune: $222,589,471 / 19,053Commercial Property                                 …

As millions of Millennials enter the workforce, it is essential that new hires be trained properly and that company veterans are able to continue their claims education to keep up with regulatory and other changes.

The data source for this report is the National Association of Insurance Commissioners Annual Statement Database via Highline Data, which is a Summit Business Media affiliate of NU. All data is net of reinsurance and current as of early July.

Insurance regulators in the U.S. have begun signing up with their international peers to push a new ERM approach called “ORSA”—Own Risk and Solvency Assessment, says Dave Ingram, executive vice president of Willis Re.

In mid-June Allied World Assurance Co. Holdings AG and Transatlantic Holdings Inc. announced a $3.2 billion merger deal, creating a global specialty insurer and reinsurer operating in 18 countries and on six continents.

Implementing ERM can be challenging because the discipline itself “has not achieved a consistent, standard approach,” says Stefan Holzberger, vice president of rating criteria and regulatory-policy development at A.M. Best.

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The thunderstorms in the U.S. that struck from May 20 to May 27 may have caused between $4 billion and $7 billion in insured losses, according to catastrophe modeler AIR Worldwide.