News
U.S. Joins 55 Nations to Set New Global Rules for the Internet
The United States and 55 other nations on Thursday signed a political commitment to push rules for the Internet that are underpinned by democratic values, at a time when the U.S. has accused Russia ...
Global Insurance Rates Continue to Moderate in Q1 – Except Cyber
Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases since pricing peaked at 22% in the fourth quarter of 2020, ...
Former Sompo CEO Chang to Join WTW
Michael Chang, former CEO of Sompo International's Global Risk Solutions, will be joining WTW as head of Corporate Risk and Broking (CRB) North America, later in 2022. He will become a member of the ...
Market Conditions Holding Up Better Than Expected: Markel’s Whitt
While soaring first-quarter underwriting profits and significant investment losses may not have surprised investors in Markel Corporation, continued favorable insurance market conditions aren't quite ...
Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P
Climate change could see 4 percent of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Ratings ...
U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels
A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation's biggest insurance companies to stop underwriting new fossil fuel projects that ...
Black Insurance Industry Collective Launches to Advance Racial Diversity and Equity
A new insurance industry initiative has launched to expand leadership development for Black professionals. The focus of the Black Insurance Industry Collective (BIIC) is to accelerate the advancement ...
Tech Bytes: New Partnerships at Amwins, Betterview, Socotra
Amwins, a global distributor of specialty insurance products and services, announced a partnership with ePlace Solutions to provide retail agents and their insureds with access to cybersecurity ...