Industry News
Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021
Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance ...
Advice for Casualty Insurance Brokers: ‘Get Out of the Pajamas’
Asked for the latest thoughts on the role of the broker in managing client expectations against the headwinds of a difficult casualty insurance market, one panelist during Advisen's Casualty Insights ...
As Climate Disclosures Toughen, Corporate Laggards May Be Vulnerable to Lawsuits
A push by Britain to toughen up corporate environmental disclosures will cast a spotlight on climate change dawdlers as campaigners increasingly turn to the courts to force a speedier transition to a ...
Executives on the Move at QBE Re, Duck Creek, Marsh McLennan
QBE Re has appointed Tim Barber as interim head of U.S. Treaty. He will be based in New York and be responsible for all of QBE Re's reinsurance business in North America, reporting to Steve ...
AIG Announces Key Leadership Changes
American International Group Inc. has named Tom Bolt as executive vice president and chief risk officer, AIG, effective immediately. He will report to Peter Zaffino, chairman and chief executive ...
AF Group to Purchase AmeriTrust
AF Group, a holding company whose affiliated brands provide specialty and workers compensation insurance across the U.S., has entered into a definitive agreement through its subsidiary Accident Fund ...
War With Russia Will Shrink Ukraine Economy 45%, Says World Bank
The World Bank says Ukraine's economy will shrink by 45.1 percent this year because of Russia's invasion, which has shut down half of the country's businesses, choked off imports and exports, and ...
California’s PG&E to Pay $55M to Avoid Criminal Charges Over Wildfires
California utility PG&E Corp has reached settlement agreements with district attorneys representing Northern California counties to avoid prosecution over two major wildfires, with the company ...