Industry News
Insurers See Opportunity With Quick-Paying Parametric Disaster Insurance for Public Sector
Some of the world's largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The ...
Chubb CEO Greenberg Continues Push for a More Humane (and Business-Savvy) Immigration Policy
For the second year running, Chubb Chairman and CEO Evan Greenberg is railing against the U.S.'s current immigration policy. Greenberg, without mentioning U.S. President Donald Trump by name, used ...
Executives On The Move at BHSI, Liberty Mutual and TigerRisk
A former Pembroke Managing Agency executive joined Berkshire Hathaway Specialty Insurance to run its new Transactional Liability Insurance operations in Asia and the Middle East. Liberty Mutual ...
The Latest Launches From AXA XL and Everest Insurance
AXA XL's North America marine insurance business added to its inland marine coverage. Everest Insurance revamped its Multinational coverage form. *** AXA XL's North America marine insurance business ...
Carrier Lobbyists Argue Tax to Fund Wildfire Prevention Would Harm Insurance Consumers
Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in Washington's insurance premium tax that would fund wildfire prevention and suppression. The tax ...
A Catastrophic Wildfire Fund Is Under Serious Consideration in California
Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire ...
QBE’s Zortman Is Joining AIG to Lead Its High Net Worth Customer Biz
A veteran of QBE Group and the old Fireman's Fund Insurance is joining AIG to lead its Private Client Group, a division that serves the insurance giant's high net worth customers. Kathleen Zortman is ...
Cosby Accuses AIG of Reaching Unauthorized Settlement in Sex Abuse Suits
Seven women who said Bill Cosby sexually assaulted them decades ago and then labeled them liars by denying it have settled defamation lawsuits against the imprisoned actor. Court documents filed ...