Underwriting
China’s Evergrande Property Crisis Creates Minimal Exposure for U.S. Insurers
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property developers, Evergrande, appears on the brink of collapse. ...
Watching Canary Islands Volcanic Eruption, Insurers Reminded of Challenges Posed by Non-Modeled Perils
The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils," ...
RIMS CEO Roth Will Retire in 2022 After a 17-Year Tenure
After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for ...
J&J Places Talc Liabilities Into Bankruptcy Via New Subsidiary
Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other talc-based products caused cancer, offloading the potential liabilities into ...
China Will Encourage Development of Insurance, Other Financial Products for Gig Economy Workers
China's top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as ...
AXA Will Invest $1.7B to Fight Deforestation, Preserve Biodiversity
French insurer Axa said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve ...
MGAs Can Build Broker Relationships – Even in a Hard Market
How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO ...
Cyber Attack Financial Losses Driven by Business Interruption, Recovery Costs: AGCS Report
During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, ...