Industry News
South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives
South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The ...
Aon President Andersen Honored With 2022 IICF Golden Horizon Award
The Insurance Industry Charitable Foundation honored Eric J. Andersen, president of Aon, with IICF's Golden Horizon Award. The annual award recognizes an individual within the insurance community who ...
Executives on the Move at GEICO, Polly
GEICO announced that Damon Burrell has joined the company as its new chief marketing officer, reporting to CEO Todd Combs. Burrell most recently served as CMO and senior vice president of Marketing, ...
UK’s Flood Re Launches Scheme to Help Homeowners Raise Resilience Against Floods
Flood Re, the joint initiative between the UK insurance industry and the UK government to promote the availability and affordability of flood insurance, has launched a proposition designed to ensure ...
Innovation Boosts Carrier Top Lines: AM Best
Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month. In a special report ...
Everest Re Announces Passing of Chief Risk Officer, Chief Actuary Mango
Everest Re Group Ltd. has announced the passing of Don Mango, the company's chief risk officer and chief actuary. Mango's contributions to the risk management and actuarial community were widely ...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, ...
This Year’s Hurricane Season Likely to Be Wetter, Just Like 2020
Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said. Human-caused climate change made the entire season drop ...