Industry News
Diversity Officer With Starbucks, NBA Experience Joins Marsh & McLennan
Global insurance and professional services firm Marsh & McLennan Cos. announced that Nzinga Shaw will join the company as chief Inclusion & Diversity officer effective February 16. Shaw most ...
Florida Property Insurers Raise Rates by Double Digits, Driven by Multiple Factors
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue ...
The Latest Launches From Arch Insurance and Berkshire Hathway GUARD
Arch Insurance debuted a new online platform that lets brokers rapidly price and purchase Business Travel Accident policies for U.S.-based companies with up to 250 business travelers. Berkshire ...
Insurers Overwhelmed by Demand for D&O Coverage for Reverse-Merger Companies
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have ...
Nationwide Boosts Venture Capital Fund to $350 Million
Nationwide plans to more than triple its venture capital fund and also increase the division's alignment with its corporate development strategy. The Ohio-based property-casualty insurer is growing ...
Zurich Insurance’s Capital Target Disappoints; Full-Year Profit Beats Expectations
Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected ...
Irish Central Bank Pledges to Act Against Insurers Who Don’t Pay COVID-19 Claims
Ireland's central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful test case in court last week, or risk facing legal action ...
AI, Privacy, Racial Bias Among State Insurance Regulator Priorities for 2021
The country's insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and ...