Industry News
Organizations Cite Economic Slowdown, Reputational Damage as Top Risks: Aon
Economic and global trade concerns are challenging organizations' ability to invest adequately in preparing for and protecting the continuity of their operations, according to findings from Aon's ...
In a First, D.C. Eyes Retrofitting or Removing All Flood-Prone Buildings by 2050
Washington is announcing a goal of retrofitting or removing all of its flood-prone buildings by 2050, the first major U.S. city to set such a policy. The proposal is part of a broader plan to protect ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
U.S. Drivers Think They’re Safe, but Carriers Know Otherwise Through Phone Usage Monitoring
The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can't stop themselves from talking, texting and live ...
Florida Governor to Sign Industry-Backed Property Insurance Benefit Reform
Florida Governor Ron DeSantis has signaled he will sign the recently-passed property insurance reform legislation that the insurance industry and consumer advocates say will stem abuse of a policy ...
‘We’re Just a Bridge’; Take Responsibility to Protect Yourselves, Says FEMA Chief
Americans must assume more responsibility for protecting themselves from the rising toll of natural disasters, the head of the Federal Emergency Management Agency warned. "Most people think, 'I see ...
Activist Fund Fails to Boot Kessler As SCOR CEO; Shareholders Reject Ouster Proposal
Reinsurer SCOR's shareholders on Friday blocked an attempt by an activist fund to oust the company's CEO, in a sign that activist investors are increasing pressure on French blue chips. Nearly three ...
Lloyd’s to Unveil New Strategy This Week as Storm Clouds Gather
Lloyd's of London, the world's oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers ...
Tesla’s Musk Renews Plans to Take on Insurers
During Tesla's earnings call last Wednesday, Chief Executive Officer Elon Musk said that the company is creating its own insurance product and hopes to launch it in about a month. The comments ...