Commercial Lines
Wilson Passing Baton to Tizzio as AXIS Insurance CEO
Vincent C. Tizzio, a former executive vice president for The Hartford, is taking a new role as a senior advisor at AXIS Capital, with a transition to the position of chief executive officer of AXIS ...
KCC Estimates $1B in Insured Losses From Colorado Wildfire
Catastrophe modeling firm KCC estimates the insured loss from the recent Colorado wildfire could be $1 billion. With nearly 1,000 structures destroyed, KCC said the Marshall Fire is the most ...
D&O Insurance Specialist IDs a Fourth Variant of COVID Shareholder Suits
Even over a holiday weekend, alerts were hitting the newswires in advance of Jan. 3—the deadline for shareholders of ON24 to apply for lead plaintiff status in a lawsuit against the online event ...
Workplace Fatalities Fell 10.7% in 2020, While Severe Illness Cases Rose
Worker deaths decreased by 10.7 percent in 2020 compared to 2019, with 4,764 fatal workplace injuries, according to the Bureau of Labor Statistics in its annual report on workplace fatalities for ...
COVID-19 Claims of $44B Is Third-Largest Catastrophe Loss: Howden
Insured losses of $44 billion from COVID-19 so far represent the third-largest cost to insurers of any catastrophe, behind only Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on ...
Businesses Can Expect to Spend $13.5B on Repairs Due to Flooding in 2022
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than ...
Lloyd’s Asia Launches Renewable Energy Consortium
Lloyd's launched a renewable energy consortium in response to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy, Lloyd's announced late last ...
Look Ma, No Hands: Semi Logs 80-Mile Public Road Trip Without Human
A semitruck completed an 80-mile route in Arizona with no human on board and no human intervention during the trip using technology developed by TuSimple, the company said Wednesday. The San Diego ...