Risk
COVID-19 Driving Huge Claims Hike in U.S. Professional Liability Market: A.M. Best
The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM ...
Insurers Targeted by U.S. Sanctions Over Nord Stream 2 Pipeline
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that's ...
Aon Will Spend $30M to Create 10,000 Apprenticeships Nationally
Global insurance broker Aon said it is expanding its corporate apprenticeship program with an investment of $30 million over the next five years. With this expansion, Aon hopes to develop a ...
Generali’s Profit Surpasses Expectations; Dividend Payout Delayed
Italy's top insurer Generali said on Thursday it would delay the payment of the second tranche of 2019 dividends to next year to comply with regulatory demands, after reporting nine-month operating ...
Zoom Misled Users About Security, FTC Says; Settlement Announced
Federal regulators are requiring Zoom to strengthen its security in a proposed settlement of allegations that the video conferencing service misled users about its level of security for meetings. The ...
Buffett’s Berkshire Hathaway Reports Sizable Insurance Profit Drop, Driven by COVID-19 and Hurricanes
Warren Buffett's Berkshire Hathaway Inc reported lower quarterly operating results on Saturday and said the coronavirus pandemic may cause further damage, even as gains in stocks such as Apple Inc ...
AIG President Zaffino Makes Case for Life & Retirement Separation
AIG will separate its Life & Retirement division into a standalone company either through an initial public offering or private sale of the unit in stages over time. Which ever option executives ...
Liberty Mutual Propelled by Robust Investment Income to Strong Q3 Results
Liberty Mutual Holding Co. Inc. has reported a 46 percent increase in net income during the third quarter, despite elevated catastrophe losses. The company reported Q3 net income of $397 million, ...