Specialty
Insurers Balk at Coverage for New Satellites as Space Debris Swells
An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific ...
Executives On The Move at The Hartford, Marsh and Strategic Risk Solutions
The Hartford appointed a new head of the Western Division for the company's Middle and Large Commercial Insurance business. A former Willis Towers Watson executive joined Marsh's Chicago office as ...
Hurricane Ida Could Cost Insurers as Much as $18B: Industry Experts
Insurers are bracing for a hit of about $18 billion from Hurricane Ida in the United States and the Caribbean, catastrophe modeling company Karen Clark & Co (KCC) said on Wednesday. The number, ...
Ida’s Floods and Outages Hamper Energy Firms’ Restart Efforts
Widespread flooding, power outages and debris-strewn roads slowed recovery efforts by energy companies on Tuesday after Hurricane Ida ripped into oil production facilities, ports and refineries. More ...
As COVID Cases Rise Again, U.S. Business Travelers Scale Back Travel Plans
With the COVID-19 Delta variant pushing infections higher again, U.S. business travelers are scaling back their travel plans, a new survey has determined. Approximately 67 percent of respondents said ...
Chubb Unit Disputes Aspect of Boy Scouts Sex Abuse Settlement, Complicating Resolution
A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused Boy Scouts is complicating talks to end the youth group's bankruptcy case. Lawyers for ...
‘Mission: Impossible’ Film Studio Sues Insurer Over Lack of COVID Shutdown Payments
Production on the new "Mission: Impossible" movie was shut down seven times due to the coronavirus pandemic, according to a lawsuit filed on Monday that accuses the film's insurance company of ...
Allstate, State Farm Top J.D. Power’s 2021 U.S. Small Commercial Insurance Customer Satisfaction Ranking
Allstate scored highest in J.D. Power's annual customer satisfaction ranking for U.S. Small Commercial insurers. The property/casualty insurer landed an 848 out of 1,000 points. State Farm grabbed ...