U.S.
Munich Re’s 2020 Profit Plunges 55%, Spurred by COVID Claims
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55 percent decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer's Q4 2020 ...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program, the NFIP rates would need to ...
Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...
Shareholders Push Companies to Tackle Climate Change Shortfalls
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the ...
Workers Comp Remedy Bars Wife’s COVID Suit vs. Husband’s Employer
A federal judge tossed out a lawsuit that sought to hold an employer responsible for a worker's spouse getting sick with COVID-19. U.S. District Judge Maxine M. Chesney in San Francisco on Monday ...
Munich Re No Longer Insuring Nord Stream 2 Pipeline
A subsidiary of Germany's Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government. The U.S. has been threatening sanctions ...
Executives On The Move at Zurich and The Standard
Zurich Insurance appointed one executive to run its Nordic business and expanded his management facility. He replaces another executive who will take on a new leadership role. The Standard promoted ...
Update: Wife Sues Husband’s Employer for Causing Her COVID-19 Infection
A federal judge is weighing what she called a first-of-its-kind lawsuit that would hold an employer responsible for a worker's spouse getting sick with COVID-19. Plenty of families have sued ...