Industry News
Black Sea Mine Removal Needed Before Ukraine Grain Can Be Shipped, Insurers Return
As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will ...
Citizens Adds Thousands of Policies but Has Yet to Complete Reinsurance Needs
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting ...
Google Agrees to Pay $118M to Settle Pay Equity Suit
Alphabet Inc.'s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, law firms representing the women said in a statement. In addition, an ...
Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen
U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian oil could help limit Moscow's energy revenues as allied countries seek to curb ...
Chubb Not Declaring Itself Net Zero, CEO Greenberg Says
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb's chief executive warned carriers to brace for greenwashing lawsuits on the ...
Alleghany Stockholders Approve Sale to Buffett’s Berkshire Hathaway
Alleghany Corp. on June 9 said its stockholders approved and adopted Berkshire Hathaway's offer to buy the company for $11.6 billion. "We are pleased our stockholders have overwhelmingly voted to ...
Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker
Howden Group Holdings said it has created the "much-needed fourth global player in the reinsurance market" with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of ...
The Latest Launches From WAX, The Stanford Center for Legal Informatics, Hi Marley
WAX Insurance Services, a startup focused on the collectibles industry, launched a new online monoline collectible insurance policy designed to protect collectors from loss, damage and theft ...