News
S.C. Joins 3 Other State Supreme Courts, Rules No Coverage for COVID-19 Shutdown
The South Carolina Supreme Court on Wednesday became the fourth state high court in the nation to rule that the virus that causes COVID-19 cannot cause a direct physical damage or loss covered by a ...
Reinsurance M&A Slows Amid Macroeconomic Risks, Higher Natural Disaster Claims
Mergers and acquisitions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Florida’s Citizens Tops 1 Million Policies, Making It Largest in State
Florida's Citizens Property Insurance Corp., created by lawmakers as a last-resort option, has become the largest property insurer in the state with more than 1 million policies in force — and ...
Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier
Coalition said it received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation. Digital Affect Insurance ...
Biden Admin Announces $3 Billion in FEMA Climate Resilience Funding
The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by ...
J&J to End Global Sales of Talc-Based Baby Powder
Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended U.S. sales of a product that drew thousands of ...
Climatic Hazards Aggravate Disease-Causing Pathogens, Scientists Warn
Here's something to think about after two years of living in a COVID-19 reality: More than 58 percent of human diseases caused by pathogens — think dengue, hepatitis, malaria, Zika — have been ...
Zurich Reports 25% Increase in H1 Operating Profit, Beating Expectations
Zurich Insurance Group reported a better-than-expected 25 percent rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ...