Markets
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
AIG, Lemonade, Among Insurers Who Signed Letter Opposing Laws Restricting Voting Rights
A handful of insurance industry executives signed a letter from hundreds of major companies, corporate leaders and celebrities released on Wednesday stating opposition to laws restricting voting ...
Florida Property Lawsuits Encompass 76% of Insurer Litigation in U.S.: NAIC Data
New information from Florida's insurance regulator paints a stark picture of the extent of litigation facing the state's domestic insurers. The information comes as numerous stakeholders push for ...
COVID Shutdowns Drive Demand Surge for Allstate’s Pay-Per-Mile Insurance
The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise ...
Global Regulators Pressured to Refine Climate Change Risk Rules for Banks
Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible environmental risks, the Swiss-based Basel Committee of ...
EU Regulators Extend Until July 27 Their Deadline on Aon/WTW M&A Deal
European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon's $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on ...
Aon Launches Protection for COVID-19 Vaccine Shipments Through New Industry Collaboration
Global professional services firm Aon plc has introduced a new offering, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. Using ...
CEO Viewpoint: Why SMBs Need Standalone Cyber Cover
It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyber attacks. Sixty-three percent of SMBs, surveyed in fall 2019—prior to COVID-19 lockdowns—reported ...