Underwriting
AIG CEO Zaffino Urges Insurers to Plan for More Climate Change-Related Catastrophe Losses
AIG President and CEO Peter Zaffino urged the insurance industry to acknowledge that more frequent and severe catastrophe losses are likely here to stay, and plan accordingly. "We've never seen ...
Lemonade’s Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public startups burdened by anemic ...
InsurTechs Attract a Stunning $5.3B in Funding During Q3: Forrester
InsurTech continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing a total of 472 deals. Interestingly, U.S. companies nailed down ...
J&J Victory: $465M Opioid Judgement Overturned in Oklahoma Court
The Oklahoma Supreme Court on Tuesday overturned a $465 million judgment against Johnson & Johnson in a lawsuit by the state alleging the drugmaker fueled the opioid epidemic through the ...
Allianz Predicts Record Profit for 2021, Will Set Aside Money for U.S. Fund Investigation
Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it tries to work out how much money it may need to set aside for a U.S. investigation ...
Strong Gains as U.S. P/C Insurers Emerge From the Pandemic
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, with gains coming as the country continued to recover from ...
Chubb Wrote the Most U.S Cyber Business in 2020; Sector Grew Nearly 30%: NAIC
The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance ...
Amazon Reportedly Trying to Settle Two EU Antitrust Investigations
Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. The European ...