Markets
Wildfire Victims in California Utility Bankruptcy Envision $24B Reorganization Plan
The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it was prepared to present a $24 billion reorganization plan for the power provider. The ...
Aviation Industry Braces for Substantial Premium Hikes Due to 737 MAX Grounding
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding ...
Brokers Can Be Catalysts for Specialty Products Innovation
In an era of insurance transformation, where process simplification and flawless customer service is expected, innovation in policy and product is a must—especially when it comes to the ...
Progressive Appoints Bauer as Its New Chief Investment Officer
The Progressive Corporation promoted a veteran executive to serve as its new chief investment officer. Jonathan Bauer takes on his new role with the insurer on Jan. 3, 2020. Bauer replaces William ...
The Latest Launches From Beazley and Coalition
Beazley released a broad policy designed to cover infringements of Title IX, the federal law that prohibits discrimination in any public education program based on sex. Coalition, an MGA focused on ...
This Time, Bermuda Avoids Major Damage From a Hurricane
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping ...
Lloyd’s Plans Miami Office to Back Growth in Latin America, Caribbean Markets
Lloyd's plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. "Latin America is a key market for Lloyd's, with premium close to US$1.5 ...
Tesla Model 3 Scores Top Safety Rating
Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its ...