Industry News

Climate Change Poses Added Risk to Farm Workers’ Health

Mily Trevino-Sauceda was nine when her mother fell as she worked to move irrigation pipes along rows of potato and alfalfa on an Idaho farm. Her 10-year-old brother splashed water over their mother's ...

Zurich Adds Cyber Insurance Product for Middle Market Businesses

Zurich North America, offering cyber risk coverage for more than a decade, announced a cyber insurance product designed specifically for middle-market businesses. The Zurich Cyber Insurance Policy ...

Conning: Fronting Market Growth Expected to Slow

The U.S. fronting market, where specialized carriers offer their financial strength rating, licensing and other services primarily to managing general agents (MGAs), has seen dramatic growth in ...

Executives on the Move at Farmers, Hiscox, Swiss Re

Farmers Insurance announced that Kevin Yoo will join the organization as chief claims officer effective July 12.

Yoo has an extensive ...

Global Cyber Premiums Could Exceed $50B by 2030

The cyber insurance market potential is huge, with premiums likely to exceed $50 billion by 2030, according to a new report by global insurance broker Howden. With the potential to rival major ...

After Member Exodus, Insurers Seek to Ease UN Climate Alliance Rules

The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance's membership requirements after a recent exodus of members, according to ...

Travelers Vows Changes to Golf Course After PGA Tournament’s Low Scores

Changes will be made to the TPC River Highlands after record low scoring during the recent PGA Tour's Travelers Championship, tournament officials said. Andy Bessette, Travelers' executive vice ...

GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters

Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, ...