Industry News
Less Than Half of U.S. Workers Use All Their Vacation Days
Spring break is here, and summer vacations are just around the bend. But while increasingly stressed-out U.S. workers say having paid time off is critical, many still don't even take all that they're ...
Executives on the Move at Chubb and AXIS
Chubb Limited announced that Frances O'Brien has been appointed executive vice president, Chubb Group, and chief risk officer, effective April 1. Previously, O'Brien was senior vice president, Chubb ...
FEMA Index Offers Closer Look at Social Risks in Disaster Resilience
The free digital tool that the U.S. government gives communities to help evaluate local risks from 18 natural hazards is getting a makeover. The Federal Emergency Management Agency introduced the ...
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the ...
Florida Regulators Now Reviewing Rate Hikes of 14%, 62% and 103%
Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103 percent. Citizens Property Insurance ...
The Latest Launches From Insurity, Coalition, Draftrs
Insurity, a provider of cloud-based software for insurance carriers, brokers, and managing general agencies, announced its Sure Underwriting Workbench solution is the first of its cloud-based ...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she ...
PG&E Pledges $18 Billion to Cut Wildfire Risk in California
PG&E Corp. plans to invest $18 billion in wildfire prevention through 2025 following back-to-back seasons of devastating blazes linked to the utility's network of wires and other ...