Commercial Lines
Zurich’s Gerber, a Forward-Looking Former CEO, Has Died
Fritz Gerber, a legendary former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10, 2020, according to the company, which did not disclose further details. "Fritz ...
NICB Makes Homeland Security Vet Glawe Its New CEO
A veteran leader at the U.S. Department of Homeland Security and former FBI officer is joining the National Insurance Crime Bureau as its new president and CEO. NICB hired David Glawe to lead the ...
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
EU Regulator Urges National Governments to Provide Insurance for Future Lockdowns
National governments must help provide insurance cover for future lockdowns, the industry's European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage ...
Cryptocurrency Investor Sues Teen for $71.4M Over Alleged Swindle
A U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out ...
Executives On The Move at Zurich and Berkshire Hathaway Specialty Insurance
Zurich Insurance made two executive appointments. Berkshire Hathaway Specialty Insurance said it has expanded its Global Property Underwriting Officer team. *** Zurich Insurance Group made two new ...
Tesla Sues for Right to Reopen California Factory; Musk Threatens to Relocate
Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to reopen its factory there and Chief Executive Elon Musk threatened to move Tesla's headquarters and future ...
Carriers Lost Billions of Dollars in April From U.S. Extreme Weather Events: Aon
Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition of Aon's Global Catastrophe Recap report. There were 14 killer ...