Specialty
W.R. Berkley’s CEO: Workers Comp Rates Could Start Climbing in 2021
For W.R. Berkley Corp. and most other workers compensation carriers, rates have declined for some time. That trend could start reversing itself starting in 2021, CEO W. Robert Berkley Jr. predicted ...
Court Rejects Liberty Mutual Bid to Charge Employer for Claims Paid from Exempt Workers
A workers compensation insurer cannot charge an employer an extra $1.7 million in premiums for the risk presented by employees who were exempt from coverage under Iowa's workers' compensation law, a ...
QBE Expects $750M H1 Loss, With COVID-19 and Cat Claims Mostly to Blame
QBE Insurance Group expects to report a first-half, after-tax loss of around $750 million, mainly due to COVID-19 claims and natural catastrophes, which included Australia's bushfires and hailstorms ...
Inconsistent Data Hampers Climate Risk Assessment in Finance
Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent data, the Financial Stability Board said on Wednesday. Regulators are ...
Chubb Makes North America, Overseas Executive Promotions
Chubb made a few new executive promotions affecting its North America and overseas operations. Tim Stapleton has been named Executive Vice President, Financial Lines, Overseas General Insurance – ...
Hurt by COVID 19, W.R. Berkley’s Profit Plunges
Larger investment losses and COVID-19 took a substantial bite out of W.R. Berkley's 2019 second-quarter net income, but the specialty insurer and reinsurer still stayed in the black overall. Net ...
France Explores Ways to Shield Companies From Impact of Future Pandemics
The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to protect companies and jobs from the damage that major events such as pandemics can ...
Executives On The Move at BHSI and Guy Carpenter
Berkshire Hathaway Specialty Insurance made an insurance industry veteran head of Financial Institutions in Germany. Guy Carpenter announced the appointment of three senior executives within its GC ...