Industry News
China’s Evergrande Property Crisis Creates Minimal Exposure for U.S. Insurers
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property developers, Evergrande, appears on the brink of collapse. ...
Watching Canary Islands Volcanic Eruption, Insurers Reminded of Challenges Posed by Non-Modeled Perils
The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils," ...
Ransomware Attack Strikes U.S. TV Station Operator Sinclair
U.S. TV station operator Sinclair Broadcast Group said on Monday it had found some of its servers and workstations had been encrypted with ransomware, disrupting office networks. Sinclair said it was ...
Regulation, Technology Know-How Delay Embedded Insurance’s Full Potential: ITC 2021
Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that postpone its full potential, a panel of experts and industry insiders said during ...
RIMS CEO Roth Will Retire in 2022 After a 17-Year Tenure
After a 36-year career advancing the risk management profession, RIMS CEO Mary Roth has announced she plans to retire following the RIMS 2022 Annual Conference & Exhibition that is scheduled for ...
Executives On The Move at Aspen Insurance Holdings and Nationwide
Aspen Insurance Holdings is hiring a new Group CFO to replace a veteran executive who is retiring. Nationwide choice a new Chief Operating Officer for its Excess & Surplus/Specialty team. *** ...
China Will Encourage Development of Insurance, Other Financial Products for Gig Economy Workers
China's top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as ...
AXA Will Invest $1.7B to Fight Deforestation, Preserve Biodiversity
French insurer Axa said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve ...