Industry News
Lloyd’s Trading Will Continue During Shutdown of London Building for Coronavirus Stress Test
Lloyd's is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at 12:01 a.m. on March 13 and for ...
The Impact of Coronavirus on Workers Comp: NCCI
The National Council on Compensation Insurance (NCCI) has offered its perspective on the potential implications of coronavirus on the workers compensation industry. Compensability: Workers comp laws ...
Insurers Could Be Unknowingly Subsidizing Marijuana Grow Houses
While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital ...
AXA Will Establish $156B Asset-Management Unit for Alternative Assets
AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real estate and other alternative assets. The French insurer will divide its ...
Carriers Expected to Pursue M&A in 2020 Despite Uncertain Economy: Deloitte
Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the executives surveyed by Deloitte still expect to complete an M&A transaction in the ...
Aon, Willis Towers Watson Frame Merger as Way to Boost Innovation and Ability to Adapt
There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it's not about getting bigger; it's about getting better. And, ...
U.S. Commercial Insurance Prices in Q4 Continued Their Accelerated Rise: Willis Towers Watson
U.S. commercial insurance prices continued rising at an accelerated pace in the 2019 fourth quarter, with the aggregate price change exceeding 6 percent, according to a new Willis Towers Watson ...
Aon Alleges Fraud Over $300 Million Brazilian Acquisition Deal
British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it when it acquired the company four years ago in a 1.35 billion reais ...