Commercial Lines
Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses
Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government's COVID-19 lockdown last year, the Lloyd's of London insurer said on ...
Warning: High-Tech Cyber Crime Will Keep Coming, ‘Terminator’-Style
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at ...
Alldredge Named New NAMIC Leader, Succeeding Chamness
The National Association of Mutual Insurance Companies promoted one of its veteran executives to become its next president and chief executive officer. Neil Alldredge takes on the top spot as of July ...
Buffett’s Berkshire Hathaway Appears to Extend Stock Repurchase Effort
Warren Buffett's Berkshire Hathaway Inc appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. ...
Japan Insurers Struggle to Produce Reliable Climate Change Cost Estimates
As the world tries to price the cost of climate change, Japan's second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from ...
Executives On The Move at USAA, Snapsheet and The Hartford
USAA hired a new chief strategy officer. Snapsheet promoted a veteran executive to the role of president and chief operating officer. The Hartford made one of its executives its new Life Science ...
See You in Person: Global Insurance Symposium Readies Post-COVID Gathering, With Online Component
After more than a year of quarantines, masks and other COVID-19 precautions, an insurance industry group is about to hold an in-person meeting again. The Global Insurance Symposium is meeting in Des ...
Exxon Fails in Bid to Dismiss Massachusetts Lawsuit Alleging Climate Change Deception
A Massachusetts state judge has rejected Exxon Mobil Corp's bid to dismiss a lawsuit by state Attorney General Maura Healey accusing the oil company of misleading consumers and investors about its ...