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The broker also noted that tornado activity in April fell below the three-year average.
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The executive will be based in Chicago and previously worked at Aon and Marsh.
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The executive had been Willis’ national programs leader and is the latest in a series of strategic hires by the broker.
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The accounting change will delay the release of Metromile’s Q1 results, with the company’s finance team instead focusing on rewriting its 2020 results.
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Lake Charles Mayor Nic Hunter said in a video message today that the rainfall totals would meet the threshold of a “100-year event”.
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Tony Ursano is leaving the business to launch an insurance and InsurTech advisory business.
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Global lifestyle divisional chief Keith Demmings becomes president immediately and will take the CEO job at the start of next year.
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Competition is intensifying, with increased London market appetite one of the drivers.
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Both InsurTech carriers have opted to go public through a merger with a blank check company this year.
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Former Kemper CFO Frank Sodaro will take over the top financial role at the Chicago-based carrier.
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Concentrix has sold its claims and insurance services business to a private equity consortium made up of Abry Partners and Hoplon Capital.
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The pending disposals come after a major deal to sell a range of P&C assets to Gallagher for $3.6bn.
