Specialty
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic
According to Dorothy in "The Wizard of Oz," there's no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of ...
Insurers Generally Happy About Their Asset Managers During COVID-19 Crisis: Survey
Most insurers feel good about how their asset managers are navigating the ongoing financial crisis created by COVID-19, State Street Corp. has determined in a new survey. Approximately 78 percent of ...
U.S. Commercial Auto Losses Reach Worst Point in a Decade
The U.S. commercial automobile insurance segment's underwriting losses deepened to $4 billion in 2019, the segment's worst loss in 10 years and a continuation of a decade-long trend of worsening ...
Bank of England Tells Banks, Insurers to Press Ahead With Analyses of Climate Change Risks
The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change on their operations, saying that guidance published on Monday would be followed by ...
FCCI Names Welch as CEO, Replacing Johnson, Who Was Fired in May
FCCI Insurance Group's board of directors has named Christina "Cina" Welch as president and CEO, replacing Craig Johnson, who was terminated from his role in May 2020 after an incident with police in ...
Environmental Groups Want Miners to Buy Private Insurance for Tailings Dams
Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental ...
New Flood Risk Maps Designed to Address Major Government Deficiencies
First Street Foundation, a nonprofit agency, is making accurate climate change-adjusted flood scores available for every property in the U.S. today. There are government-produced maps showing 8.7 ...