Industry News
Roof Damage Research: Small Hail Matters
New analysis by the Insurance Institute for Business & Home Safety (IBHS) and ZestyAI, a climate and property risk analytics provider, finds property/casualty insurance carriers need to broaden ...
Poll Finds Extreme Weather an Almost Universal Experience in the U.S.
An overwhelming majority of people in the United States say they have recently experienced an extreme weather event, a new poll shows, and most of them attribute that to climate change. The findings ...
Policygenius to Be Acquired by Zinnia
Online insurance marketplace Policygenius is being acquired by Zinnia, a life and annuity insurance technology and digital services company. Zinnia said the acquisition expands its reach into digital ...
Montana Pollution Lawsuit Could Limit Aerial Fire Retardant Use
A legal dispute in Montana could drastically curb the government's use of aerial fire retardant to combat wildfires after environmentalists raised concerns about waterways that are being polluted ...
Munich Re Specialty Appoints New CEO; Executive Moves at Chubb, Ascot
Munich Re Specialty Insurance (MRSI) appointed Sabrina Hart as president and chief executive officer, effective May 1. Hart has served as interim CEO since January 2023 when former CEO Michael Kerner ...
Altria Tells Jury It Didn’t Benefit From Juul’s Marketing to Young Users
Altria Group Inc. didn't benefit from its $12.8 billion investment in Juul Labs Inc., the tobacco giant's lawyers told a jury in a trial over whether it helped the e-cigarette maker promote sales ...
W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’
W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers market "down the drain." During a call with analysts to discuss first-quarter ...
Embroker: Business Insurance Shoppers Concerned With Startup Leadership Post-SVB Collapse
Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets were compromised — specifically liability policies ...