Reinsurance
One Tropical Storm Weakens; Another Poised to Become a Hurricane
Tropical Storm Laura was strengthening in the Caribbean and poised to accelerate into a hurricane by Tuesday while Tropical Storm Marco weakened sooner than expected, sparing the U.S. Gulf Coast from ...
Residents, Oil Production at Risk From Twin Storms Taking Aim at U.S. Coast
Coastal residents in low-lying areas of Louisiana and Cuba were evacuating on Sunday, while roads turned to rivers in Haiti's capital city, as twin hurricanes threatened the Caribbean and U.S. Gulf ...
S&P Points to an Improving Lloyd’s Market Despite Pandemic Challenges
The Lloyd's market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there a signs of improvement, according to analysts at S&P Global ...
COVID-19 Era Draws Attention to U.S. Fund That Compensates Emergency Vaccine Injuries
A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used ...
Executives On The Move at Willis Towers Watson and Guy Carpenter
A former Guidewire Software executive is Willis Towers Watson's new senior technology director for its Insurance Consulting and Technology business. An ex-Willis Re executive is the new global head ...
Allstate’s July Catastrophe Losses Negated by Payments From California Utility
The Allstate Corp. reported more than $145 million in pretax catastrophe losses in July, thanks mostly to a hurricane and a few other storms. But that was more than offset by subrogation recoveries ...
Multiple Disasters Converge Simultaneously in California
Californians are in their sixth month of sheltering in place because of a pandemic that's killed more than 11,000 residents. Now a new crisis — hundreds of wildfires — is forcing people to ...
COVID-19 Pandemic Takes Particular Toll on Younger Employees
The coronavirus pandemic has taken its toll, particularly on younger employees. Gen Z employees – those born starting in 1995 – were three times more likely than all other employees since the ...