News
U.S. Will No Longer Enforce Mask Mandate on Airplanes, Trains After Court Ruling
The Biden administration will no longer enforce a U.S. mask mandate on public transportation after a federal judge in Florida on Monday ruled that the 14-month-old directive was unlawful, overturning ...
Innovation Boosts Carrier Top Lines: AM Best
Insurers with well-developed innovation initiatives have much higher levels of top-line growth than those who lag behind on the innovation curve, AM Best reported last month. In a special report ...
Listening to the Market: Insurance Products That Fit Today’s Customer Needs and Demands
Presented by Majesco
The case for innovative insurance products How many cell phones have you owned? Computers? Cars? Appliances? Televisions? Do you still...
Everest Re Announces Passing of Chief Risk Officer, Chief Actuary Mango
Everest Re Group Ltd. has announced the passing of Don Mango, the company's chief risk officer and chief actuary. Mango's contributions to the risk management and actuarial community were widely ...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, ...
This Year’s Hurricane Season Likely to Be Wetter, Just Like 2020
Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said. Human-caused climate change made the entire season drop ...
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6B Deal for Alleghany
At least one shareholder of Alleghany Corp. is unhappy with the insurer's agreement to be bought by Warren Buffett's Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court ...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results
In a media statement Friday, Paris-based SCOR said the company expects a first-quarter 2022 charge in the high double-digit EUR million range for potential claims related to the Russia-Ukraine ...
Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout
A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked but reduced a nearly $137 ...