Markets
Specialty Insurers Face Pricey Post-Wildfire Claims in Wake of Utility PG&E’s Bankruptcy Filing
Specialty insurers will likely deal with "substantial claims and losses" in the wake of the recent bankruptcy filing for California utility PG&E Corp., whose equipment may have contributed to ...
China Is Trying to Take Control of Western Data and Networks, U.S. Envoy Warns
China seeks to take control of Western data and networks, the U.S. ambassador to the European Union said, in the latest warning from Washington to its allies that they should think twice before using ...
Independent Agents Satisfied With Carrier Interactions Send More Business to Them: J.D. Power
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message ...
Insurance Linked Securities Market Reached $93B in 2018: Willis Re
Growth of the insurance-linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance ...
BP Agrees to Expand Greenhouse Emissions Disclosures on Oil Investments
BP has agreed to broaden its disclosure on greenhouse gas emissions to show how it thinks future investments in oil and gas align with U.N.-backed climate goals, it said on Friday. Following talks ...
Botox Maker Allergan Sues Rival, Alleging It Stole Manufacturing Secrets
Allergan Plc and partner Medytox Inc. are seeking to block U.S. imports of a new rival to the wrinkle-treatment Botox, claiming it was developed using stolen manufacturing secrets and turncoat former ...
Two AI InsurTech Startups Win Zurich Insurance’s First Global Innovation Competition
Two startups focused on artificial intelligence are the big winners of Zurich Insurance Group's first-ever innovation competition. Chisel AI, based in Toronto, is the Gold winner in the Zurich ...
Lead Transformation by Acknowledging Smarter People in the Room: Providence Mutual CEO Parrillo
As insurance executives fret about helping their companies embrace new technology and change, one CEO offers this idea: Embrace that there are other, smarter people in the room. "Everybody in my ...