Markets
Beirut Blast Marine Insurance Losses Likely Less Than $250M
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy ...
D&O Liability Insurance Rates Surge Over COVID-19 Litigation Fears
Premiums for directors' and officers' liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty ...
Executives On The Move at AXIS Re and Beazley
AXIS Re promoted an executive to a leadership role in North America. Specialist insurer Beazley appointed four new underwriters within its Chicago, Ill.-based cyber and executive risk division.
Chubb Appoints Lupica, Krump to Run North America Insurance, Global Underwriting/Claims
Chubb made two major executive changes affecting its North America Insurance division – the company's largest - as well as Global Underwriting and Claims. John Lupica has been named President, ...
Updated: GEICO, Gen Re Are Bright Spots in Otherwise Tough Q2 for Buffett’s Berkshire Hathaway
Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental ...
For Allstate, Q2 Results Reflected Relative Stability
The Allstate Corp. saw its net income climb during the second quarter, driven in part by rate increases and COVID-19-related shelter-in-place programs that led to a huge premium giveback to ...
Too Many Hurricanes, Not Enough Names: Experts Up Atlantic Forecasts
Already smashing records, this year's hyperactive Atlantic hurricane season is about to get even nastier, forecasters predict. In the coming months, they expect to run out of traditional hurricane ...
D.C. Judge Dismisses Restaurants’ Business Interruption Claims
The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner ...
Australia Commits $1.2B to Private Sector Cybersecurity After Attacks Spike
Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and households after a rise in cyber attacks, Prime Minister Scott Morrison ...