Markets
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 ...
Executives On The Move at AXA XL, Markel and Buckle
An AIG veteran has joined AXA XL as an executive based in New York. Markel Corp. hired a new executive focused on diversity and inclusion. Buckle hired a former Farmers and USAA executive to its ...
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 ...
World Bank Working With 100-Plus Countries to Resolve COVID Vaccine Legal Hurdles
The World Bank is working closely with over 100 countries to pave the way for them to receive low-interest loans and funding to purchase and distribute COVID-19 vaccines, World Bank Group President ...
AIG, Marsh, Travelers CEOs Among Corporate Leaders Urging Quick Biden Election Certification
Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this ...
FCC Increasingly Unlikely to Limit Social Media Legal Protections
The prospects of Federal Communications Commission Chairman Ajit Pai taking action on an effort to narrow social media companies' legal protections under a 1996 law are increasingly unlikely. Both ...
Executives On The Move at Signal, Markel and DUAL
A veteran of the Navigators Group joined Signal Administration in a leadership role. Markel Surety picked a executive to lead a new National Accounts Segment. Managing General Underwriter DUAL ...