Industry News
Liberty Mutual Propelled by Robust Investment Income to Strong Q3 Results
Liberty Mutual Holding Co. Inc. has reported a 46 percent increase in net income during the third quarter, despite elevated catastrophe losses. The company reported Q3 net income of $397 million, ...
AIG Q3 Net Income Experiences Large Drop; Catastrophe Losses Soar
American International Group saw its 2020 third quarter net income plunge by more than half compared to a year ago, a result that was shaped partly by higher natural catastrophe losses. Net income ...
Allstate Q3 Net Income Jumps Nearly 27 Percent
The Allstate Corp. reported a nearly 27 percent increase in its third quarter net income, primarily due to higher auto insurance underwriting income and net realized capital gains. Allstate's third ...
For RSA, Pandemic Exclusions Are Limiting Lockdown Impact
England's second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its CEO said on Thursday as it reported a rise in underwriting ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...
QR Codes Can Open the Door for Hackers, and Other Risk Alerts
QR codes are a convenient tool for touchless transactions and services, but they may also open the door for hackers. Leakage from 5g wireless networks may impact weather forecasts. Amazon's new ...
Executives On The Move at AXIS and AGCS
AXIS Insurance hired three new lead underwriters within its U.S. Cyber and Technology team. Allianz Global Corporate & Specialty (AGCS) appointed a former Generali executive as the new regional ...
More Work-From-Home Injury Claims Possible After N.Y. Appellate Ruling
A ruling by a New York appellate court could bring more workers compensation claims by work-from-home employees by removing strict compensability standards established last year by the state Workers' ...