Industry News
At $42B, Natural Disaster H1 Insured Losses Reach 10-Year High: Aon
Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the biggest loss related to extreme cold in the United States in February, insurance broker Aon ...
Some Generali Investors Rev Up Plan to Challenge Insurer’s Leadership
Shareholders representing about 16 percent of Generali are ready to ask the chief executive not to present a 2022-2024 business plan, a move that would challenge the insurer's leadership, daily La ...
Insurance Software Company Earnix Acquires Assets of Telematics InsurTech Driveway Software
Earnix, a software company focused on insurers and banks, has acquired the assets of Driveway Software Corp., a telematics provider that relies on artificial intelligence. Financial terms were not ...
Group of State Attorneys General Urge Support for $26B Opioid Settlement
A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still ...
AIG Chooses Sept. 14 as Global Post-COVID Return-to-Office Date
American International Group Inc , one of the largest U.S. insurers, has set Sept. 14 as its global return-to-office date, Chief Executive Officer Peter Zaffino told employees on Wednesday in a memo ...
Insurance Advisory Firms Aite and Novarica Merge; Pamlico Backs the Effort
Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said they have merged to create Aite-Novarica Group. The move comes with an ...
Casualty Proved to Be a Strong Diversifier for Reinsurers: Aon
Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in recent years, according to an Aon report. The combination of challenged ...
Onslaught of Ransomware Hacks Force Carriers to Reassess Cyber Business
The hacks came one right after another, sowing chaos at hospitals, idling America's biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 ...