Commercial Lines
Record Rainfall, Floods Across Globe Generated Billions in Economic Damages in November: Aon
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon's monthly Global Catastrophe Recap report, ...
Chubb Beefs Up North America Commercial P/C Leadership With Two New Appointments
Chubb made two new appointments designed to bolster the leadership of its North America commercial property and casualty businesses. Seth Gillston, Chubb's current Private Equity and Real Estate ...
Canada’s Co-operators General, Sovereign General Earn AM Best Ratings Upgrades
Ratings agency AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to "a" (Excellent) from "a-" (Excellent) of Co-operators ...
Judge Overturns $4.5B Settlement Protecting Sackler Family From Opioid Lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened ...
Zurich Will Acquire AlphaChat, an Estonia-Based Conversational AI Company
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the ...
Biden’s Nominee for Auto Safety Regulator Promises to Confront Jump in Traffic Deaths
President Joe Biden's nominee to serve as the top auto safety regulator will vow to address the massive increase in U.S. road deaths, according to congressional testimony seen by Reuters. Steven ...
Appeals Court Revives COVID-19 Healthcare Worker Mandate in 26 U.S. States
A federal appeals court on Wednesday revived in 26 U.S. states a COVID-19 mandate issued by President Joe Biden's administration requiring millions of healthcare workers to get vaccinated if they ...
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 ...