Industry News
MetLife Reunites With Snoopy to Build Pet Insurance Awareness
MetLife Pet Insurance is once again partnering with "Peanuts" canine Snoopy — this time to build greater awareness of the importance of pet health insurance, noting that less than 3 percent of pets ...
Investment Activities Don’t Cut It; Underwriters Create Value: ACORD
"Sustainable value creators" among the 100 largest property/casualty insurance carriers generated more value through underwriting than through investment activities over a 20-year study period, ...
Bold Movers and Losers: Incumbents Need to Act While InsurTechs Stumble
At a time when InsurTechs face major headwinds and incumbent insurers benefit from market tailwinds, it's time for the traditional insurers to make bold strategic moves, McKinsey partners said in a ...
W.R. Grace Offers $18.5M to Settle Montana Asbestos Claims
The owner of a former vermiculite mine in northwestern Montana that spread harmful asbestos in and around the town of Libby has offered $18.5 million to settle the last of the state's claims for ...
NOAA: Ian, Drought Supercharged U.S. Weather Extremes in 2022
Costly weather disasters kept raining down on America last year, pounding the nation with 18 climate extremes that caused at least $1 billion in damage each, totaling more than $165 billion, federal ...
U.S. Climate Disasters Racked Up $165B in Damage in 2022
A massive hurricane, a historic drought and 16 other major disasters across the U.S. collectively racked up $165 billion in damages and killed at least 474 people in 2022, according to a National ...
Executives on the Move at Liberty Mutual, Earnix, Philadelphia Insurance
Liberty Mutual Insurance announced the appointment of Meg Sutton as chief operating officer for Global Risk Solutions (GRS) North America and Taylor Archambault as senior vice president for US ...
Tech Bytes: New Partnerships at Previsico, bolttech, Milliman
Previsico, a live flood alert InsurTech, announced its partnership with Geosite, a geospatial data provider. Previsico's service provides Geosite's U.S. carrier clients with live flood alerts so they ...