Commercial Lines
Aon Ends Most COVID-19-Related Salary Cuts Except for Named Executives
Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon ended the salary cuts and will colleagues for the ...
Climate Battles Are Moving to the Courtroom, Fueled by Creative Arguments
Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding action. ...
Reinventing Normal
If you were born just a few years ago, and started to understand the world today, then wearing a mask to go outside wouldn't seem like a very big deal. And the fact that your parents were always ...
The Risk of ‘Take-Home’ COVID-19 and the ‘Next Asbestos’
Estimates of the size of COVID-19's impact on the insurance industry vary widely, but some companies (including Chubb and Willis Re) have suggested that, considering both asset and liability losses, ...
Woolley Joins AXIS International Construction Team
A veteran of Zurich Insurance, CNA and more joined AXIS Capital Holdings Ltd. in a leadership role. Anna Woolley was named senior underwriter in the AXIS International Construction team. In her new ...
California Utility Emerges From Bankruptcy After Wildfires Pushed It to the Brink
Nearly a year and a half after collapsing under $30 billion in liabilities from wildfires sparked by its equipment, PG&E Corp. has emerged from the biggest utility bankruptcy in U.S. history. The ...
Allianz CEO Baete Predicts 2021 Recovery Barring Another Major Coronavirus Hit
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief ...
A Struggling AGCS Rolls Out Its Restructuring Plan
Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on a restructuring program it says is designed "to regain profitability and market leadership in ...