Risk
Generali Reportedly Pursuing $2.4B Acquisition in Russia
Italy's top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation ...
Cyber Insurance Firm Coalition Secures $175M to Fuel Global Expansion, New Products
Coalition, a cyber insurance managing general agency and security company, said it has raised $175 million to accelerate its growth and global expansion. The firm said it will use the funds to expand ...
S&P Grants Zurich Insurance a Ratings Upgrade Over Improved Performance
Zurich Insurance's improved financial performance has earned it a ratings upgrade from Standard & Poor's. The Swiss insurer and its core operating entities now have an S&P rating of 'AA', up ...
Texas Utility Sues Power Grid Operator, Alleging ‘Excessive’ Cold Snap Charges
The largest city-owned utility in Texas on Friday sued the state's grid operator alleging it levied "excessive" power prices during a February deep freeze, and seeking to bar the grid from issuing a ...
Some States Continue Mulling Mandatory Business Interruption Cover
Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies do not cover their losses from the pandemic, lawmakers in a ...
Most Customers Are Digitally Transmitting Photos or Videos When Filing Property Claims: J.D. Power
More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall ...
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
The U.S. P/C Industry Boosted Profits in 2020 Despite COVID-19: A.M. Best
Despite the COVID-19 pandemic, the U.S. property/casualtyindustry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved ...