Underwriting
Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...
Munich Re No Longer Insuring Nord Stream 2 Pipeline
A subsidiary of Germany's Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government. The U.S. has been threatening sanctions ...
Update: Wife Sues Husband’s Employer for Causing Her COVID-19 Infection
A federal judge is weighing what she called a first-of-its-kind lawsuit that would hold an employer responsible for a worker's spouse getting sick with COVID-19. Plenty of families have sued ...
Homeowners Insurance Will Book Modest Underwriting Loss for 2020: Fitch
The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global ...
Winter Storm Uri Will Produce ‘Billions of Dollars’ in Insured Losses: Moody’s
Snow, ice and some of the most frigid temperatures in decades in the southern United States will produce insured losses "in the billions of dollars," Moody's said in new commentary released on Feb. ...
U.S. E&S Insurers Win A.M. Best Outlook Upgrade Over Pandemic Resiliency
Resiliency from the U.S. excess & surplus lines market in the face of pandemic challenges has earned it an outlook upgrade from A.M. Best. A.M. Best revised its outlook for U.S. E&S to Stable ...
Global Insurance M&A Holds Its Own Despite Pandemic Challenges
There were 407 completed insurance sector mergers and acquisitions worldwide in 2020, down from 419 the previous year, according to a report published by global law firm Clyde & Co. An ...
AIG Is Hiking Some Commercial Rates by 45 Percent
American International Group Inc said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a trend it sees persisting in 2021, as the company prepares to install Peter Zaffino ...