Markets
China Issues Tougher Risk Management Rules for Insurance Groups
China's banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core units and regulate ...
Fauci: Further U.S. COVID Restrictions Unlikely Due to Omicron Variant
The United States is unlikely to impose further restrictions amid the anticipated arrival of the Omicron COVID-19 variant, the nation's top infectious disease official said on Monday after a travel ...
Sompo International, Willis Towers Watson Forge New Product Partnerships
Sompo International Holdings is partnering with a company that will help increase proactive management of its global casualty portfolio. Willis Towers Watson and a software partner will launch a new ...
COVID Intrigue: Pfizer Accuses Departing Employee of Stealing Vaccine Secrets
Pfizer Inc has sued a longtime employee for allegedly stealing "scores" of confidential documents, including some related to its COVID-19 vaccine, as she prepared to jump to a competitor. In a ...
Allstate Will Unload Most of Illinois Campus for $232M
The Allstate Corp. announced it has reached an agreement to sell the property making up the majority of its campus in Northbrook, Illinois, to Dermody Properties for approximately $232 million. The ...
Travelers Head Toward Cancellation Mode as Omicron Emerges
Some would-be travelers are considering canceling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an ...
CEO Viewpoint: FEMA Flood Insurance Pricing Methodology Revamp a Positive Move
By now, you've probably heard of the Federal Emergency Management Agency's effort to revamp its method of assigning prices to the National Flood Insurance Program's policies, which took effect on ...
The Nonstandard Auto Market’s Positive Momentum Could Face Potholes From Inflation, Loss Severity Issues
Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may ...