Industry News
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for losses from natural disasters. The supranational lender has issued ...
Uvalde Shooting Victims Seek $27B, Class Action Status
Victims of the Uvalde school shooting that left 21 people dead have filed a lawsuit against local and state police, the city, and other school and law enforcement officials seeking $27 billion due to ...
The Future of Insurance: PLUS Conference Recap
Technology is on everyone's mind. Whether it's using big data, AI or tackling the world of cybersecurity, technology tops the list of business concerns today. For the insurance industry, technology ...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which ...
Global P/C Insurance Outlook Now Negative: Moody’s
High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody's Investors Service to change their outlook for the global property/casualty sector from ...
Tech Bytes: New Partnerships at ZestyAI, Beazley, Corvus
ZestyAI, a provider of climate and property risk analytics services powered by artificial intelligence, partnered with CSAA Insurance Group for wildfire risk assessment. To help gauge property-level ...
Executives on the Move at The Hanover, Allstate, Sompo International, CAC Specialty
The Hanover Insurance Group has appointed Eric M. Schuler as president of management and executive liability, effective immediately. In this role, he will assume responsibility for the strategy and ...
Risk Managers Want More Involvement in Organizational ESG Strategy: WTW Survey
More than half of risk managers are significantly involved in their organization's environmental, social and governance (ESG) efforts, but 77 percent believe they should take an active or more active ...