Industry News
Insurers Sue Energy Corp. to Recoup Colorado Wildfire Claims Payments
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed ...
Executives on the Move at AXIS Capital, Canopius, Obsidian
AXIS Capital Holdings Limited named Lauren Kent president of AXIS Re International. She will report directly to Ann Haugh, CEO of AXIS Re, and is part of the reinsurance executive team. Kent, who ...
Property Insurers’ Ratings Under Pressure as Risk Rises
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said ...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
One of the world's top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the ...
Farmers Insurance Further Reducing Florida Business
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida ...
Report: Top Emerging Liability Trends in the Professional Services Sector
Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, ...
Automated Weather Insurance Could Offer Help in an Increasingly Hot World
Carlos José Báez experienced the full brunt of Hurricane Maria when it made landfall in Puerto Rico as a catastrophic storm in 2017. The auto paint shop owner, who lives in Aguas Buenas, Puerto ...
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 ...