Markets
Zurich Debuts New Business Unit Focused on Evolving Risks
Zurich Insurance Group created a new business unit designed to help customers address evolving risks. The global business unit, Zurich Resilience Solutions, is designed to provide services that help ...
Chubb Is Reportedly Exploring Hartford Acquisition
Chubb Ltd., the global insurer led by Evan Greenberg, is exploring an acquisition of Hartford Financial Services Group Inc. in what could be one of the industry's biggest deals in years, people ...
U.S. COVID Herd Immunity Is Possible by Mid-Summer: Oliver Wyman
The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management ...
Texas, Other U.S. States Sue Biden Administration for Revoking Keystone XL Pipeline Permit
Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said ...
Industry Loss Reserves Redundant by $28B: Assured Research
Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves are $28 billion redundant and predicting that ...
Demand for Travel Insurance at Highest Level Since March 2020
Travel is making a comeback—and so is the travel insurance industry. In fact, the number of travel insurance policies sold for future trips has hit its highest level since March 2020, according to ...
Next Insurance Partners With Amazon to Boost Reach of Its Small Biz Insurance Cover
Next Insurance is turning to Amazon's business customer arm to boost the reach of its small commercial insurance policies. The InsurTech has formed a partnership with Amazon Business Prime where ...
Court Finds Insurer Doesn’t Have to Defend Mortgage Servicer Against Robocall Lawsuit
A liability insurance carrier that excluded any violation of telecommunications laws from coverage had no duty to defend a loan servicer from a class-action lawsuit that accused it of making ...