Industry News
American Family’s Minimum Per Hour Rate Raises to $20
American Family Insurance said it has raised its minimum hourly rate to $20 per hour, a bid it hopes will help attract and keep customer service talent. The Wisconsin-based property/casualty ...
Australia’s Bushfire Risks Creating Its First Climate Refugees
Australian wildfires that have razed thousands of homes and blackened an area about the size of England may also create the nation's first climate refugees. That's the view of Michael Mann, ...
Zurich North America Is Latest Insurer to Name Sustainability Officer
Zurich North America is the latest insurer to name a sustainability officer - an executive who leads corporate initiatives to help the company contribute positively to the environment. Ben Harper ...
Travelers Sets Aside ‘Modest Funds’ for Possible Exposure to Child Sex-Abuse Claims
Travelers Companies Inc has set aside a "modest" amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer's finance chief, Daniel Frey, told analysts during an ...
Insured National Catastrophe Losses Dipped Nearly 20 Percent in 2019: Willis Re
Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18 percent lower than the annual average since 2011, according to a report from Willis Re. This figure ...
AXA Reportedly Reviewing Potential Options for Middle Eastern Operations
Axa SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl continues to streamline the operations of Europe's second-largest ...
Cyber InsurTech Sayata Labs Hires Flynn as Head of Insurance
An InsurTech designed to help brokers and carriers maximize their cyber business has hired a former Beazley Group executive in a leadership role. Israel- and Massachusetts-based Sayata Labs said it ...
InsurTech M&A: Coalition, Xceedance and Insurity
Coalition acquired a company focused on scanning and cybersecurity. Xceedance bought an outfit centered around insurance operations and technology services. Insurity, Inc. snatched up a company that ...