Industry News
Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurer and self-insured companies' liabilities for black-lung occupational disease claims have ...
Liberty Mutual Announces Senior Executive Appointments
Liberty Mutual announced that Monica Caldas has been named executive vice president and chief information officer, effective January 2023. With this appointment, Caldas joins the company's executive ...
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 ...