Industry News
Lloyd’s Construction Specialists Embrace Proposed U.S. Infrastructure Boom
Construction insurance specialists at Lloyd's of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a ...
Spurned Buyer: CoreLogic Discloses Unsolicited Bid After Already Accepting Another Offer
CoreLogic disclosed it has received an unsolicited bid from a rival, two weeks after the data and analytics firm agreed to a $6 billion acquisition from two private equity firms. CoStar Group, a ...
AIG’s Zaffino Will Succeed Duperreault as CEO on March 1
American International Group (AIG) has officially named Peter Zaffino as chief executive officer, succeeding Brian Duperreault, AIG's current CEO, who will become executive chairman of the board. ...
Texas Bill Would Force Business Interruption Policies to Cover Pandemic Losses
A bill filed in Texas would require business interruption insurance policies to cover losses from a pandemic. Under SB 249, filed by Sen. Charles Schwertner, business interruption insurance would be ...
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 ...