Reading time: 3 minutes Welcome to the Pride Every Friday we distill 200+ insurance, legal, and risk-management articles into three signals your board should be briefed on next Monday morning. Three developments demand your attention this week: Property capacity surged to $607 billion—creating a 20% oversupply and shifting leverage decisively toward buyers Casualty umbrella leads contracted from $10M to $2-3M—forcing structural program innovation as nuclear verdicts rose 27% annually AI...
13 days ago • 4 min read
Reading time: 5 minutes Welcome to the Pride, Every Friday we distill 200+ insurance, legal, and risk-management articles into three signals your board should be briefed on next Monday morning. Three developments had us wide eyed this week: Florida hands insurers a 90-day safe harbor for settling claims—but the clock starts ticking only with "sufficient evidence." What qualifies remains dangerously unclear. 46% of insurers run sophisticated AI operations while 71% can't integrate with legacy...
20 days ago • 5 min read
Reading time: 5 minutes Welcome to the Pride, Every Friday we distill 200+ insurance, legal, and risk-management articles into three signals your board should be briefed on next Monday morning. Three developments caught our attention this week: The NAIC proposed its biggest investment regulation overhaul in 30+ years, targeting insurers' growing private asset portfolios. We explain what changes, when it could take effect, and issues for our carrier clients and partners. Chubb and Marsh CEOs...
27 days ago • 4 min read
Freedom demands risk. Every Fourth of July, I think about the extraordinary gamble taken 248 years ago when business leaders, farmers, and intellectuals challenged the most powerful empire on earth. These weren’t reckless revolutionaries but pragmatic individuals who understood some principles transcend comfort and safety. They created the foundation that later enabled my partner and me to build LION Specialty. America’s founding was the ultimate startup story. No guarantee of success, no...
about 1 month ago • 2 min read
Reading time: 5 minutes Welcome to the Pride, Every Friday, we distill 200+ insurance, legal, and corporate-risk articles into three signals your board should know about by Monday morning. In the last couple of weeks, Scattered Spider hit Erie, PHLY, and Aflac. The media's buzzing about an “existential threat,” to all insurance companies. Meanwhile, inside those boardrooms? It's not panic, it's muscle memory. What separates disaster from containment isn't your response after the breach. It's...
about 1 month ago • 4 min read
Reading time: 5 minutes Welcome to the Pride, Every Friday we distill 200+ insurance, legal, and corporate-risk articles into three signals your board should know about on Monday morning. Three developments caught our attention this week: Private equity enters public university athletics. Boise State is negotiating the first direct PE investment in a public university athletic department, creating untested D&O exposures for boards overseeing these deals. Congress proposes 10-year freeze on...
about 2 months ago • 6 min read
Reading time: 5 minutes Welcome to the Pride, Every Friday we distill 200+ insurance, legal, and corporate-risk articles into three signals your board should know about on Monday morning. Three developments caught our attention this week: The insurance market is softening, but not evenly. This edition shows which lines are seeing real relief, and which ones aren’t Some carriers are settling claims in minutes using AI. Others are still taking weeks. We break down what that means for service,...
about 2 months ago • 5 min read
Reading time: 5 minutes Welcome to the Pride, Emerging risks. Evolving policy language. And losses that now regularly cross eight figures. This is not a job for generalists—it's a domain for brokers who advocate like litigators and operate like boardroom strategists. Here’s why this report is worth five minutes of your time: It breaks down the exact pre-loss infrastructure and post-loss tactics elite brokers use to protect high-stakes clients when the pressure’s on. It reveals how carrier...
about 2 months ago • 5 min read
Reading time: 12 minutes Welcome to the Pride, This week we're breaking format. Because when industry legends spot patterns that nobody else sees, you don't just summarize. You dig in. Three developments caught our attention this week: The Rating Agency That Spotted a $443 Billion Fraud The Company That Caught Insurance Fraudsters Red-Handed When Risk Models Break: Insurance's $600 Billion Climate Wake-Up Call Let's start with how litigators weaponized the internet against insurers… The...
2 months ago • 12 min read