Global Economy
2020 Temperatures Rounded Off Hottest Decade, Hit Record
Last year tied with 2016 as the world's warmest on record, rounding off the hottest decade globally as the impacts of climate change intensified, the European Union's Earth observation service said ...
Chubb CEO Greenberg Condemns Trump Rally Violence and ‘Demagoguery’
Over the last four years, Chubb CEO Evan Greenberg has railed against U.S. President Donald Trump's actions and his administration's policies. Jan. 6 was no different. After a Trump rally spurred a ...
European Companies Will Seek Insurance, Healthcare and Other Assets in China
European companies are expected to hunt for assets in China, mainly in insurance, healthcare and automobile sectors, after the world's second-largest economy and the European Union agreed to an ...
Natural Catastrophe Damages Reached $210B in 2020: Munich Re
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, ...
Executives On The Move at Kemper, BHSI and Intact Financial
Kemper Corp. brought on a new executive to lead its human resources and administrative operations. Berkshire Hathaway Specialty Insurance named a new Senior VP and Product Line Officer for its ...
Jan 1. Renewals Produced Super-Sharp Commercial Insurance Rate Hikes
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price ...
COVID-19 Rulings Are Moving to Appellate Courts; Insurers Mostly Ahead to Date
A wave of litigation over business-interruption losses caused by COVID-19 shutdown orders has started splashing into the appellate courts. Appeals of trial court decisions in at least 11 lawsuits ...
Zurich North America Starts Marketing Construction Weather Parametric Insurance for Contractors
Zurich North America is launching Construction Weather Parametric Insurance for project owners and contractors. The coverage, according to the insurer, is designed to fill a gap created by more ...