Industry News
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 ...
Forms are the foundation of every insurance product. So why does managing them still feel like the slowest part of...
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 ...
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 insurance background, having served in senior claims roles at ...