U.S.
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
Microsoft Warns Ransom-Seeking Hackers Are Taking Advantage of Server Flaws
Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, the company said early Thursday - a serious escalation that could ...
AXA Drops German Power Giant RWE as a Client Due to Coal Operations
AXA SA, France's biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive ...
AIG Hires Lincoln Financial Exec to Help Separate Its Life & Retirement Business
AIG has hired a Lincoln Financial executive to help separate its Life & Retirement business into a standalone company and guide other streamlining efforts. Lisa Buckingham is joining the company ...
Progressive’s Legendary Marketing Guru Plans to Retire
The Progressive Insurance executive credited with a number of iconic marketing campaigns at the carrier is retiring. Jeff Charney will sign off as chief marketing officer for Progressive in January ...
Nordstrom Lawsuit Argues Civil Unrest Was Single Event With Only 1 Deductible Owed
Nordstrom Inc. has filed suit against its insurers, seeking a court declaration that they must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events ...
Insurers, Reinsurers Ready for Fight Over UK COVID-19 Business Interruption Payments
Top insurance companies, ordered by Britain's highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who ...
Cowbell Cyber Pulls in $20M From Brewer Lane, Markel, Others
Cowbell Cyber nailed down $20 million in new venture capital financing from multiple investors. The InsurTech and MGA provides multi-faceted cyber insurance and related services to small and ...