Specialty
Germany’s Floods Reveal ‘Sizable’ Protection Gap; Higher Insurance Demand Could Follow
With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany's recent floods are likely to be significantly higher, which highlights a ...
Some Generali Investors Rev Up Plan to Challenge Insurer’s Leadership
Shareholders representing about 16 percent of Generali are ready to ask the chief executive not to present a 2022-2024 business plan, a move that would challenge the insurer's leadership, daily La ...
Group of State Attorneys General Urge Support for $26B Opioid Settlement
A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still ...
AIG Chooses Sept. 14 as Global Post-COVID Return-to-Office Date
American International Group Inc , one of the largest U.S. insurers, has set Sept. 14 as its global return-to-office date, Chief Executive Officer Peter Zaffino told employees on Wednesday in a memo ...
Insurance Advisory Firms Aite and Novarica Merge; Pamlico Backs the Effort
Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said they have merged to create Aite-Novarica Group. The move comes with an ...
Casualty Proved to Be a Strong Diversifier for Reinsurers: Aon
Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in recent years, according to an Aon report. The combination of challenged ...
Onslaught of Ransomware Hacks Force Carriers to Reassess Cyber Business
The hacks came one right after another, sowing chaos at hospitals, idling America's biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 ...
Heaviest Rains in 1,000 Years Strike Chinese Province, Killing at Least 25
At least 25 people have died in China's flood-stricken central province of Henan, a dozen of them in a subway line in its capital that was drenched by what weather officials called the heaviest rains ...