Commercial Lines
Active 2021 Hurricane Season Revealed ‘Unsettling’ Trends: AIR Worldwide
The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the ...
Executives On The Move at AIG, Zurich and CLARA Analytics
AIG hired a new Global Head of Strategy and Environmental, Social and Corporate Governance (ESG). Zurich North America picked a new Head of Sustainability Underwriting. CLARA Analytics hired a new ...
Generali CEO Counters Investor Opposition With Bold Profit Goals for 2024
Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Philippe Donnet's bid to stay on as CEO of Italy's biggest insurer faces ...
Tornado Losses Could Reach $5B But Should Be Manageable for Insurers: Experts
The late-season tornado outbreak that caused destruction across six states last weekend is expected to generate significant economic and insured losses, but it's unlikely to be a capital event for ...
Swiss Re Estimates Global Insured Catastrophe Losses of $112B for 2021
Natural catastrophes caused global insured losses of $105 billion in 2021—the fourth highest since 1970, according to Swiss Re Institute's preliminary sigma estimate. This was up from $90 billion ...
7th Circuit Affirms Dismissal of 4 COVID-19 Business Interruption Lawsuits
In four separate decisions, a panel of the 7th Circuit Court of Appeals joined four other federal appellate courts in ruling that SARS-CoV-2 does not cause a direct physical loss or damage that ...
Insured Loss From Tornado Outbreak Estimated at $3 Billion by KCC
The insured loss from the Dec. 9-12 tornado outbreak that devastated parts of central U.S. has been estimated to be about $3 billion. Catastrophe modeling firm Karen Clark & Company said its ...
Boy Scouts Secure $800M From Chubb for Sex Abuse Settlements
One of the Boy Scouts of America's primary insurers, Chubb Ltd unit Century Indemnity Company, said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle ...