U.S.
Active 2021 Hurricane Season Revealed ‘Unsettling’ Trends: AIR Worldwide
The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the ...
Kin Seals Acquisition Deal Involving 43 State Insurance Licenses; Reverse Merger Pending
Kin Insurance, an InsurTech focused on home coverage and related technology, has completed the acquisition of an inactive insurance carrier holding licenses in 43 states. "Kin's advantages are most ...
Executives On The Move at AIG, Zurich and CLARA Analytics
AIG hired a new Global Head of Strategy and Environmental, Social and Corporate Governance (ESG). Zurich North America picked a new Head of Sustainability Underwriting. CLARA Analytics hired a new ...
Insurers Join Initiative to Slash Carbon Emissions From Global Shipping
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the ...
Tornado Losses Could Reach $5B But Should Be Manageable for Insurers: Experts
The late-season tornado outbreak that caused destruction across six states last weekend is expected to generate significant economic and insured losses, but it's unlikely to be a capital event for ...
Swiss Re Estimates Global Insured Catastrophe Losses of $112B for 2021
Natural catastrophes caused global insured losses of $105 billion in 2021—the fourth highest since 1970, according to Swiss Re Institute's preliminary sigma estimate. This was up from $90 billion ...
7th Circuit Affirms Dismissal of 4 COVID-19 Business Interruption Lawsuits
In four separate decisions, a panel of the 7th Circuit Court of Appeals joined four other federal appellate courts in ruling that SARS-CoV-2 does not cause a direct physical loss or damage that ...
Insured Loss From Tornado Outbreak Estimated at $3 Billion by KCC
The insured loss from the Dec. 9-12 tornado outbreak that devastated parts of central U.S. has been estimated to be about $3 billion. Catastrophe modeling firm Karen Clark & Company said its ...