News
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re
Natural disasters in 2022 brought global economic losses of $275 billion, of which insurance covered 45 percent, or $125 billion, according to Swiss Re's latest sigma report. Claims from Hurricane ...
Coalition Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Coalition Inc., a cyber insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their ...
Chubb Underwriters to Oil & Gas Clients: Show Us Emission-Cut Plans
Chubb Limited announced new underwriting criteria for oil and gas extraction projects yesterday that will require clients to reduce methane emissions. Methane, a byproduct of oil and gas production, ...
U.S. P/C Industry Underwriting Loss $20B+ Higher in 2022; Reserve Releases Fall
According to data compiled by AM Best, the U.S. property/casualty industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss the rating ...
Lawsuit Accuses Zuckerberg, Meta of Failing to Address Sex Trafficking, Child Exploitation
A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc. executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and ...
U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows
Officials in the U.S. are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it's needed to head ...
Duperreault Joins Board of InsurTech Joyn
InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG's Board of ...
Executives on the Move at QBE NA, Gallagher, Grange
QBE North America promoted Michael Foley to president, Commercial Insurance. He will be responsible for planning, directing and executing the vision for lines of business including Middle Market, ...