U.S.
Executives On The Move at Great American and Markel
Great American Insurance Group promoted a rising executive within its Property & Casualty Group. A former Allianz executive joined Markel Corp. as Environmental Product Line Leader. *** Great ...
Boeing Will Pay $2.5B to Resolve U.S. Criminal Probe of 737 MAX Crashes
Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to ...
2020 Temperatures Rounded Off Hottest Decade, Hit Record
Last year tied with 2016 as the world's warmest on record, rounding off the hottest decade globally as the impacts of climate change intensified, the European Union's Earth observation service said ...
No Insurance: Taxpayers on Hook for U.S. Capital Mob Attack Damage
U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and grounds are not insured, industry sources said. Supporters of ...
Goosehead Insurance Axes Employee Involved in Storming of Capital
Texas-based personal lines insurance agency Goosehead Insurance has fired an employee who participated in the storming of the Capitol on Jan. 6. According to a posting on Goosehead's Twitter account, ...
Natural Catastrophe Damages Reached $210B in 2020: Munich Re
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, ...
Philadephia Insurance Acquires World Wide Specialty’s Staffing Insurance Biz
Philadelphia Insurance Companies has acquired the Staffing Insurance Business offered by New York-based MGA World Wide Specialty Programs. The deal closed on December 31, 2020. Neither side disclosed ...
Jan 1. Renewals Produced Super-Sharp Commercial Insurance Rate Hikes
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price ...