Commercial Lines
Zurich Will Earmark $5B for Impact Investments
Zurich Insurance Group AG plans to more than double its allocation to impact investments, earmarking $5 billion for a broader range of assets after devoting $2 billion to green bonds in recent years. ...
Fla. Puts Workers Comp Carrier Guarantee Insurance in Receivership
Florida insurance regulators have placed workers compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance ...
Global Regulators Rethinking How to Assist Risks in Large Insurers
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could ...
For Over a Year, Uber Concealed Cyber Attack That Exposed 57 Million People’s Data
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing company ...
Hundreds of Las Vegas Shooting Victims File Lawsuits
Hundreds of victims of the Oct. 1 mass shooting in Las Vegas filed five lawsuits on Monday in a California court against the operators of the hotel from which the gunman fired, the organizers of the ...
Sompo International Expands, Addresses Brexit Worries With New EU HQ
Sompo International Holdings Ltd. plans a European expansion with a new headquarters on the continent, a move that also addresses uncertainty over the Brexit process. The Bermuda-based insurer and ...
A Cautious Approach to Cyber Risk Can Help Insurers Protect Their Ratings: Fitch
The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent ...
China’s Ping An Insurance Is Now Second to Berkshire Hathaway in Terms of Market Value
A surge in Ping An Insurance (Group) Co.'s shares this year has made it the world's second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. ...