Commercial Lines
Judge Rules Exxon Mobil Did Not Defraud Investors by Hiding Climate Change Costs
Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate ...
Executives On The Move at AXA XL, AXIS and Clyde & Co.
AXA XL hired two new senior underwriters for its Environmental insurance team in New York. AXIS Capital Holdings Ltd. appointed a former insurance commissioner to its Board of Directors. Insurance ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
China Increases Likelihood It Will Retain Control of Financial Institutions
China's finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to ...
Record Venice Floods Top November Catastrophe Losses
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon's latest edition of its monthly Global ...
Airlines Prepare for Heightened, Climate Change-Related Weather Risks
Extreme weather is no longer exceptional, and that's forcing changes at some of the world's most diligent storm trackers: airlines. Weather delays in the U.S. have been trending higher the past four ...
Digital Platform Operator Wefox Raised $235M This Year for Global Expansion
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to ...
3 Veteran Insurance Business Founders Share What They’ve Learned
When Christopher Cavallaro co-founded ARC Excess & Surplus LLC alongside Albert Salvatico and Richard Fierstein in April of 1986, they began the company with $90,000 of their own money. "I don't ...
Longtime EMC Insurance Leader Kelley Plans to Retire in March 2020
Bruce Kelley, EMC Insurance's longtime president and CEO, and a great-grandson of its founder, plans to retire in March 2020. "I have been honored to lead the company that was founded by my great ...