Industry News
Allianz Will Help Back $577M Public-Private Climate Fund
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and ...
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...
Credit Scoring: Insurers Assert New Data Validates Its Use to Predict Risky Driver Behaviors
The insurance industry says it now has hard data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas. The same is true, they say, if you're ...
AIG CEO Zaffino Promises 2022 IPO for Portion of Life/Retirement Business
American International Group remains on track to sell of part of its Life & Retirement unit through an IPO in the first half of 2022, according to company President and CEO Peter Zaffino. Some ...
The Hartford, Yale School of Medicine to Develop Pilot to Better Treat Injured Workers
The Hartford and The Yale School of Medicine are developing a new pilot program designed to better treat injured workers and curb the ongoing U.S. opioid crisis. The insurer will be working ...
AXIS Enacts Policy to Ensure Diverse Supplier Networks for Its Operations
AXIS Capital Holdings is enacting a policy designed to ensure a more diverse base for its supplier networks. The Bermuda-based specialty insurer and reinsurer said its new Supplier Diversity Policy ...
Liberty Mutual Is Shifting 2,200 Exclusive Agents to Its New Digital Agency
Liberty Mutual Insurance, the nation's sixth-largest personal lines property/casualty insurer, is planning to transition its more than 2,200 exclusive insurance agents in 200 offices across the ...
AIG Europe Head Predicts Slower Rate Hikes in 2022
Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably at a slower clip, the chief executive of AIG Europe said at the Reuters Future of ...