News
Insurers Sue Energy Corp. to Recoup Colorado Wildfire Claims Payments
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed ...
Executives on the Move at AXIS Capital, Canopius, Obsidian
AXIS Capital Holdings Limited named Lauren Kent president of AXIS Re International. She will report directly to Ann Haugh, CEO of AXIS Re, and is part of the reinsurance executive team. Kent, who ...
Property Insurers’ Ratings Under Pressure as Risk Rises
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said ...
Top 10 Most Recession-Proof States in 2023
Cold, upper Midwest states are the most capable of withstanding a potential recession later this year, according to a new report by NationalBusinessCapital.com, a fintech lending platform for ...
Some 2003 Ram Pickup Owners Urged Not to Drive Them After Another Airbag Inflator Death
Stellantis and the U.S. government are urging the owners of some 2003 Dodge Ram pickups to stop driving them after a passenger was killed by an exploding Takata airbag inflator. The company says ...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
One of the world's top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the ...
Farmers Insurance Further Reducing Florida Business
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida ...
Report: Top Emerging Liability Trends in the Professional Services Sector
Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, ...