Industry News
Insurers, Brokers Among Those Named World’s Most Ethical Companies
Two property/casualty insurers and two brokers were included within a list compiled by Ethisphere of the most ethical companies in the world. The 16th annual report from Ethisphere, a company that ...
Executives on the Move at Root, Zurich, Ategrity
Root Inc. announced that Rob Bateman will join the InsurTech as the company's new chief financial officer, effective April 11. Bateman most recently served as president and CFO of startup excess and ...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global ...
Study: SUVs, Pickups Hit Pedestrians More Often Than Cars Do
Drivers of bigger vehicles such as pickup trucks and SUVs are more likely to hit pedestrians while making turns than drivers of cars, according to a new study. The research released Thursday by the ...
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
The Latest Launches From Jerry, Applied Underwriters, Planck
Car ownership app Jerry launched its auto refinancing service, available exclusively in the Jerry app. An estimated 26 million Americans are in a position to be highly motivated to refinance their ...
Marsh Launches Risk Rating Tool to Assess Companies’ ESG Performance
Insurance broker Marsh announced the launch of its Environmental, Social and Governance (ESG) Risk Rating, an assessment tool that can measure an organization's ESG performance, enabling it to ...
Berkshire Hathaway to Acquire Alleghany for $11.6B
Berkshire Hathaway announced it will acquire Alleghany Corporation for $11.6 billion. Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash in a transaction that was ...