Personal Lines
Pension Fund’s Managers Risk Firing Without Curbing Climate Change Exposure
A 30 billion-pound ($39.3 billion) U.K. pension fund has threatened to fire managers that fail to curb their exposure to climate change and position for a low-carbon economy. Brunel Pension ...
For Leaders, Silence Can Accomplish Plenty
Sometimes silence can go a long way toward helping leaders support their teams. A recent posting with the Random Acts of Leadership blog argues that silence can actually be a very effective strategy ...
American Family’s Minimum Per Hour Rate Raises to $20
American Family Insurance said it has raised its minimum hourly rate to $20 per hour, a bid it hopes will help attract and keep customer service talent. The Wisconsin-based property/casualty ...
Australia’s Hailstorm Insured Losses Hit $352.5 Million
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by hailstorms that struck eastern Melbourne, the Australian Capital Territory and parts of New South Wales on ...
Australia’s Bushfire Risks Creating Its First Climate Refugees
Australian wildfires that have razed thousands of homes and blackened an area about the size of England may also create the nation's first climate refugees. That's the view of Michael Mann, ...
Zurich North America Is Latest Insurer to Name Sustainability Officer
Zurich North America is the latest insurer to name a sustainability officer - an executive who leads corporate initiatives to help the company contribute positively to the environment. Ben Harper ...
Travelers’ Cat Losses Plunge, Combined Ratio Improves for Q4
The Travelers Companies, Inc. enjoyed a large drop in catastrophe losses, improved combined ratio and rise in net income during a 2019 fourth quarter generally filled with improvements. Pre-tax ...
Growing Risk for SME Insurers: Duty to Defend Cats
Until recently, there was a relative lull in new mass tort events in the United States. This led to a sense among insurers that mass litigation was no longer the looming threat that it was in the ...