News
EPA Rule Would Ban Asbestos Still in Use
The Environmental Protection Agency on Tuesday proposed a rule to finally ban asbestos, a carcinogen that is still used in some chlorine bleach, brake pads and other products and kills thousands of ...
Non-Modeled Disaster Losses Are Growing Component of Insurance Claims: RMS
Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry's ...
Commercial Insurance Price Hikes Drop to Single Digits But Cyber Triples
There still are no price decreases showing up on WTW's regular update of rate changes for more than 30 commercial insurance lines, but many buyers are now seeing last year's double-digit jumps ...
Malloy Departs SiriusPoint, a Year After Company’s Launch
Dan Malloy has left SiriusPoint Ltd. a year after the company was formed from the merger of specialty reinsurer Third Point Reinsurance and Sirius International Insurance Group, a multiline insurer ...
PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming
There is no longer a need to ponder the "next asbestos" because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is ...
AIG Considers Cutting Insurance for Russia, Ukraine
AIG, one of the world's biggest commercial insurers, is considering cutting cover for Russia and Ukraine to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, ...
Chubb’s Greenberg: On War, Ex-CAT Reporting and Insurance Profits
When Chubb published its 2021 annual report online this week, it contained more than the details of the best year in the company's history. As in past years, the chief executive commented on world ...
Power Outages Increase as Extreme Weather Inflicts Toll on Aging Grid, Vulnerable Citizens
Power outages from severe weather have doubled over the past two decades across the U.S., as a warming climate stirs more destructive storms that cripple broad segments of the nation's aging ...