Industry News
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes
After receiving a number of concerned comments, S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers and reinsurers. For the ...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz
Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & ...
Secrecy Over Condition of U.S. Dams Tied to Security Concerns, Missing Data
Americans wondering whether a nearby dam could be dangerous can look up the condition and hazard ratings of tens of thousands of dams nationwide using an online database run by the federal ...
Financial Services Firms Face Losses of $225B From Variety of Water Risks
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental ...
Executives on the Move at Pie, Hamilton, A.I.M.
InsurTech Pie Insurance has appointed new senior leadership team members: David Samuels has been named chief commercial officer. He joins Pie after nearly a decade at SAP/Concur, where he most ...
Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’
Tesla Inc., whose Chief Executive Officer Elon Musk has criticized ESG for making little sense, said current ways of measuring environmental, social and governance issues are "fundamentally flawed." ...
Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA
A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners insurance policyholders reveals a majority of homeowners have not taken important steps to ensure ...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
Rate increases in Allstate's auto insurance business are in integral part of the insurer's overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss ...