Specialty
P/C Carriers Will Feel the Hurt From Hurricane Laura
Ratings analysts A.M. Best and Moody's are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place ...
U.S. Black Farmers Sue to Ban or Place Product Warnings on Roundup Weedkiller
A group of Black U.S. farmers filed a federal lawsuit on Wednesday, seeking to force Bayer AG to either stop selling its widely used weedkiller Roundup or roll out new product warnings. The National ...
COVID-19 Moves Global Festival Promoting Insurance Diversity Online
An international festival designed to promote diversity and inclusion in insurance is going virtual for its 2020 global gathering. Dive In debuted in London in 2015 as an outgrowth of ...
Aon, Willis Towers Watson Shareholders Sign Off on Planned Merger
Shareholders of insurance brokers Aon and Willis Towers Watson have approved all of the proposals necessary to complete their previously announced combination, the firms announced. Aon intends to ...
EU Offers Limited Legal Protection for COVID-19 Vaccine Makers, Hampering Deals
The European Union is offering only partial protection to vaccine makers against legal risks from side-effects of their potential COVID-19 shots, European officials said, in a move that is hampering ...
MS Amlin Names Carrier as Chief Underwriting Officer in Ongoing Corporate Revamp
MS Amlin Underwriting Limited, the Lloyd's insurer and insurer, has appointed Andrew Carrier to the new position of chief underwriting officer. Carrier will be responsible for managing all of MS ...
Natural Catastrophe Claims Outpaced COVID-19 During 2020 First Half: Fitch Ratings
Here's some pandemic perspective: COVID-19-related claims were not the biggest driver of the North American P/C insurance industry's overall combined ratio during the first six months of 2020. ...
Hurricane Laura Rivals Katrina’s Threat to US Oil Industry
Oil production shutdowns in the U.S. Gulf of Mexico are approaching the level of 2005's Hurricane Katrina, and coastal refiners on Tuesday scrambled to cut processing ahead of a major hurricane ...