Specialty
AIG Q3 Net Income Experiences Large Drop; Catastrophe Losses Soar
American International Group saw its 2020 third quarter net income plunge by more than half compared to a year ago, a result that was shaped partly by higher natural catastrophe losses. Net income ...
Analysis: U.S. Businesses Face Climate Liability With Exit from Paris Agreement
The outcome of the U.S. general election is not yet clear. What's been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one ...
Q3 Global Commercial Insurance Pricing Rockets 20 Percent Higher: Marsh
Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...
Executives On The Move at AXIS and AGCS
AXIS Insurance hired three new lead underwriters within its U.S. Cyber and Technology team. Allianz Global Corporate & Specialty (AGCS) appointed a former Generali executive as the new regional ...
More Work-From-Home Injury Claims Possible After N.Y. Appellate Ruling
A ruling by a New York appellate court could bring more workers compensation claims by work-from-home employees by removing strict compensability standards established last year by the state Workers' ...
Russia-Based Ransomware Group Reportedly Poised for More U.S. Hospital Attacks
A Russia-based ransomware group responsible for a new wave of attacks against U.S. hospitals is laying the groundwork to cripple at least ten more, according to the cyber-security firm Prevailion ...
Kemper’s Produces Relatively Steady Q3
Kemper Corp's Q3 net income dipped slightly, though that decline would have been worse if not for after-tax gains in assessments and investments. The company reported $122.3 million in net income ...