Commercial Lines
Severe Weather in February Cost Insurers More Than $1B: Aon Benfield
Insurers face claims of more than $1.0 billion as a result of severe weather events during February, primarily from storms in the U.S. and Australia, according to a report published by Impact ...
The Latest Launches From Starr Companies, Willis Towers Watson, Allied World and More
Starr Companies launched new coverage designed for general contractors and related businesses who use drones as part of their operations. Willis Towers Watson released a new version of its pricing ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
AIG CEO Peter Hancock to Depart After Four Losses in Six Quarters
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters—results that hurt investors including activists Carl Icahn and ...
Successful IT Transformations Need CEO Vision, Follow-Through, Ambitious Targets : McKinsey
Insurance carriers pushing for a digital transformation in their operations won't go anywhere without the vision, follow-through and commitment of their CEO and senior leadership team. McKinsey & ...
EU Pushes to Save Paris Climate Change Agreement With More Diplomacy
EU foreign ministers on Monday said the bloc would strengthen diplomacy to promote the fight against climate change in the face of a possible U.S. exit from the Paris agreement. U.S. President Donald ...
AIG’s Brexit Antidote: A New Luxembourg Subsidiary Alongside Existing UK Operations
American International Group plans to counter Brexit-related challenges by having it both ways. The insurer said that starting in the 2019 first quarter, it will launch a subsidiary in Luxembourg to ...
PwC Targets London Market Claims With New Blockchain Prototype
PwC has created a working blockchain prototype for the London Market's Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management ...
Trump’s Tax Reform Plans Will Help Some U.S. Insurers, Reinsurers: Morningstar
A cadre of U.S. insurers and reinsurers stand to gain from lower corporate tax rates advocated by President Donald Trump and Republican members of Congress as part of a broader reform effort, ...