Specialty
InsurTech Blink Launches Non-Damage Business Interruption Parametric Product
Irish InsurTech Blink has started marketing a hurricane non-damage parametric insurance product designed to provide liquidity to small and medium-sized businesses after a natural disaster. Called ...
External Cyber Attacks Cost More, but Employees Produce Biggest Number of Claims
The cyber insurance losses costing the most are coming from external attacks on companies. But employees are generating the most number of claims as they make mistakes and face technical problems, ...
Zurich Insurance Reportedly in Advanced Talks to Buy MetLife U.S. P/C Unit
Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc's U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people ...
Financial Lobbyists Begin Feeling Out Biden Transition Team
Financial lobbyists, kept at arm's length by Joe Biden's campaign, have begun engaging with the Democratic president-elect's transition team on issues including economic stimulus, pandemic aid ...
U.S. Insurance Execs Insist They Are Working to Fix Diversity Shortcomings
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities ...
Reopening Offices Amid Pandemic Could Leave Companies Exposed—and Other Risk Alerts
Businesses thinking of reopening their office spaces will have to navigate new safety requirements and liability risks. Hurricanes are taking longer to weaken after landfall. Hackers are targeting ...
RLI Corp. CEO to Retire; Kliethermes Will Replace Him
Property/casualty specialty insurer RLI Corp. said current CEO Jonathan Michael is retiring at the end of 2021, and RLI Insurance President and Chief Operating Officer Craig Kliethermes will succeed ...
RSA Backs $9.6B Takeover Offer From Overseas Rivals
British insurance group RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada's Intact Financial and Denmark's Tryg in one of Europe's biggest financial takeover bids this year. ...