Specialty
Insurer Reviews Options After Egyptian Court Allows Continued Container Ship Detention
An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its ...
COVID Is One of Many Risks Insurers and Financial Sector Firms Face: Allianz
Covid-19 may drive market corrections and insolvencies that could impact financial institutions' balance sheets, increase exposures for directors and result in litigation. However, financial ...
Allstate Books $1.4B Q1 Loss Over Life and Annuity Divestitures
Allstate lost more than a billion dollars during the first quarter, stemming from the sale of its life insurance and annuity business. But the company substantially boosted revenues based on ...
Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings
Hiscox Ltd reported gross written premiums up 6.3 percent to $1,3 billion, with growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offsetting planned ...
Jobs Might Be in Jeopardy if Workers Refuse COVID Vaccine
Texas nurse Jennifer Bridges plans to go to work on June 7, like it's any other day. The only difference is, when she gets there she expects to be fired. That day is the deadline her employer, ...
Liberty Mutual and TuSimple to Assess Autonomous Truck Safety
Liberty Mutual Insurance plans to work with TuSimple, a self-driving technology company, to assess if autonomous trucks are safer than human-driven vehicles. Specifically, the companies will compare ...
Global P/C Insurance M&A Activity Soared Even With Pandemic Obstacles: Conning
Global P/C insurance M&A activity was "surprisingly rigorous" in 2020 despite significant challenges created by the coronavirus pandemic, Conning said. Conning tracked $28.6 billion in ...
New FAA Rules Should Expand Commercial Use of Drones
New Federal Aviation Administration rules are expected to clear the way for expanded commercial use of drones, which are increasingly being used by insurers to assess property damage. The updated ...