News
Executives on the Move at Liberty Mutual, Earnix, Philadelphia Insurance
Liberty Mutual Insurance announced the appointment of Meg Sutton as chief operating officer for Global Risk Solutions (GRS) North America and Taylor Archambault as senior vice president for US ...
Tech Bytes: New Partnerships at Previsico, bolttech, Milliman
Previsico, a live flood alert InsurTech, announced its partnership with Geosite, a geospatial data provider. Previsico's service provides Geosite's U.S. carrier clients with live flood alerts so they ...
Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme
Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme while interest rates ...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Economic and political turbulence caused by the COVID-19 pandemic and Russia's invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit ...
AIG CFO to Take Temporary Medical Leave
American International Group announced that Shane Fitzsimons, executive vice president and chief financial officer, will take a temporary medical leave of absence, effective immediately. Mark Lyons, ...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was ...
Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond
Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond. The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million ...
Seattle Schools Sue Social Media Platforms Over Mental Health Crisis
The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them accountable for the mental ...