Markets
Insurance Industry Promotes Philanthropic and COVID Relief Initiatives
The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. ...
Global Shipping Backlog Continues Even as Suez Blockage Cleared
A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry ...
U.S. Weather Forecasters Predict Sixth Year of Above-Average Atlantic Storms
The United States should prepare for a sixth year of above-average number of Atlantic hurricanes, Colorado State University (CSU) forecasters said in the first official 2021 outlook on Thursday. The ...
How to Increase Flood Insurance Take-Up Using Behavioral Economics Insights
Proper application of behavioral economics can improve take-up of flood insurance and narrow the protection gap. Sounds farfetched? Let's dig deeper. Behavioral economics is the study of psychology, ...
Executives On The Move at Munich Re and Everest Insurance
Munich Re appointed a new Chief Legal Officer for its U.S. division. Everest Insurance named a new head of the company's Excess & Surplus Primary Casualty unit.
Liberty Mutual, Starr Join Bitcoin Investment Firm’s $100M Funding Round
Liberty Mutual and Starr Insurance Companies are among property/casualty carriers who joined a $100 million funding round for NYDIG, a technology and financial services firm focused on bitcoin. The ...
To A.M. Best, PURE Group Rates an A+
PURE Group, an insurer focused on the high-net-worth market, has seen it's AM Best financial strength rating upgraded to A+. The Superior rating is a change from its previous financial strength ...
Insurance Is on GM’s Growing List of Side Ventures
Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer's Global Innovation team is looking for new enterprises to expand the automaker's sources of revenue well ...