U.S.
Executives On The Move at AIG, Zurich North America, BHSI and Guy Carpenter
AIG named a Marsh McLennan veteran as its new senior director of Investor Relations. Zurich North America appointed a new Head of Strategy for Innovation & Business Development. Berkshire ...
Nationwide Invests in Startup Focused on Streamlining Certificate of Insurance Issuance
Nationwide invested in an early-stage funding round for Certificial, an InsurTech with a platform focused on the real-time certificate of insurance issuance and compliance management. Certificial's ...
Wildfire Near Misses Spark Greater Push for Mitigation Efforts
As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango, Colo. When ...
Argo Group, Joining Other Carriers, Ends Coverage of Canada’s Trans Mountain Pipeline
Lloyd's insurer Argo Group has decided to stop insuring Canada's Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other ...
Insurers’ Worries Over ‘Zombie’ Firms Contribute to Rising Rates: Swiss Re
The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher ...
FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline
The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co. last month in a sign that law enforcement is capable of pursuing online ...
Federal Lawmakers Probing CNA Ransom, Cyber Insurance Payouts
Late last week, federal lawmakers requested information from Chicago-based insurer CNA about a March 21 cyber attack on the company and about a reported $40 million ransom CNA paid to end the ...
Barbershops to Symphony: Judge Nixes Hundreds of Business Interruption Claims
A federal judge in Seattle has dismissed lawsuits filed by hundreds of Washington state businesses seeking insurance coverage for revenues lost because of COVID-19 public health orders. U.S. District ...