News
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
CAS Releases Additional Reports on Race and Insurance Pricing
The Casualty Actuarial Society has released two new research reports designed to guide the insurance industry toward proactive, quantitative solutions to identify, measure and address potential ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
Marsh McLennan Commits to Net-Zero by 2050
Marsh McLennan has made a commitment to achieve net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company said it will also set an emission reduction target ...
Lloyd’s Lab Selects 11 InsurTechs to Test Decarbonization, Climate Change Solutions
The Lloyd's re/insurance marketplace announced the 11 InsurTech startups that will join the eighth cohort of the Lloyd's Lab in its 10-week program. Lloyd's Lab, the market's innovation accelerator, ...
Lexington Insurance Pulling Out of Florida, Other Markets for High-End Homes
Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking for coverage. And those homeowners likely won't be able to ...
Flood Rating 2.0 Begins April 1 for NFIP Renewals, Hiking Premiums for 2 Million Homes
Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their flood insurance policies, thanks to the federal government's new ...
Executives on the Move at Guy Carpenter, Allstate
Guy Carpenter has appointed Julian Enoizi as global head of Public Sector, effective April 11, 2022. In this newly created role, Enoizi will work with the global team to identify opportunities to ...
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a "current" threat to ...