Markets
Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to "plausibly plead" that they are entitled to ...
NCCI: Almost One-Quarter of COVID Claimants Suffer Prolonged Symptoms
Nearly a quarter of workers compensation claimants who were treated for COVID-19 experienced persistent symptoms or a relapse months later, according to a new study by the National Council on ...
Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15%
In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of 93.1 for the third quarter of 2022 last night, representing $710 million in ...
Berkley Cooling On Professional Lines, Firing Up Property Cat Re Engines
Property cat reinsurance: "More." Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company's appetite ...
Chubb: People Are Using Multifactor Authentication to Log In…With a Pet Password
According to a poll by Chubb of adults in the U.S. and Canada, a little more than half said they use multifactor authentication to log into online accounts, which is twice the number of people from a ...
Munich Re Estimates $1.6B Hit From Hurricane Ian Could Affect 2022 Targets
Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led to massive damages in Florida, and warned reaching its full-year profit goal has become ...
Munich Re’s Jeworrek Stepping Down; Blunck Is Successor
The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group's Board of Management with effect from Jan. 1, 2023. He will succeed ...
As Homeowners Rebuild After Ian, a Cooling New Housing Market Drops Material Costs
If Hurricane Ian would have made landfall in Florida, say, six months ago, the costs of reconstruction could have been even higher than the already staggering estimates now coming from the Sunshine ...