Specialty

Executives On The Move at QBE and Markel

QBE named a new executive to be head of Global Credit & Surety for its North America insurance division. Markel appointed a new member of its board of directors.

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 ...

U.S. States Claim OxyContin Maker Purdue Pharma Owes Them $2.2 Trillion

U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP's alleged role in America's opioid epidemic, accusing the drugmaker in new filings of pushing ...

Effective Leaders Encourage Their Teams to Disagree

Confirmation bias is when a person seeks out new information to reinforce existing beliefs or theories, and good leaders would do well to avoid the practice. Instead, they should encourage their ...