Industry News
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 ...
Pa. Court Splits on Whether Coverage Owed for COVID Shutdown
A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was not. Policy language made all ...
Falling Short: Insurers Not Realizing Operations Modernization Plans
Modernizing insurance operations is top priority for nearly 90 percent of carriers recently surveyed but less than half have a fully developed strategy in place to make it happen. The survey of 298 ...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for ...
Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re
Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia, and hailstorms in France and the U.S., have cost global insurers an estimated $115 billion so far ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...
Tesla Opens Floodgates for Owners to Test Out Automated Driving
Tesla Inc. is making its controversial driver-assistance system available to customers previously deemed not safe enough behind the wheel to test it out. Chief Executive Officer Elon Musk tweeted ...
Fla. Supreme Court Suspends License of Mobile Claim Center Lawyer
The Florida Supreme Court on Monday suspended the law license of attorney Jennifer Perez, who was in charge of a "mobile claim center" that was set up in a trailer in North Fort Myers about a week ...