Industry News
Global Banks Flee the Monster SPAC Market They Helped Create
Just a few years after banks helped create a gargantuan market for blank-check companies, they're pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement ...
Claims Frequency Up for 2021, but Workers Comp Profitability ‘Unprecedented’
For the first time in more than a decade, workers compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won't last, ...
Creaky U.S. Power Grid Threatens Progress on Renewables, EVs
After decades of struggle, the U.S. clean-energy business is booming, with soaring electric-car sales and fast growth in wind and solar power. That's raising hopes for the fight against climate ...
D&O Market Has Most Profitable Year Since 2014, but It May Be an Anomaly
The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014, but results have to be "viewed as a possible aberration rather than the start of a trend," ...
Sexism in Financial Services Has Gotten Worse, Says Aviva CEO Amanda Blanc
Aviva Plc Chief Executive Officer Amanda Blanc said that the sexism she encounters has worsened as she has risen through the ranks in finance. Blanc became the insurer's first female chief executive ...
Lloyd’s Annual Meeting to Go Virtual on Threat of Climate Protests
Commercial insurance market Lloyd's of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of ...
Pie Insurance Assesses Risks of Iconic TV, Movie Workplaces in Marketing Campaign
InsurTech Pie Insurance recently launched a new marketing campaign featuring safety assessments of iconic workplaces from seven industries throughout TV and movie history. The campaign, launched on ...
Inflation, Ukraine War Seen as Chief Financial Risks
High inflation, volatility in stock and commodity markets, and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported on Monday in a biannual ...