U.S.
AIG Is Hiking Some Commercial Rates by 45 Percent
American International Group Inc said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a trend it sees persisting in 2021, as the company prepares to install Peter Zaffino ...
COVID-19 Changed Consumer Priorities, and Insurers Stand to Gain: EY Survey
Consumer priorities have changed in a major way because of COVID-19, and insurers stand to benefit if they adapt and respond in kind, according to the latest EY Global Insurance Consumer Survey. "By ...
Cyber Attack Risks Rise With Internet of Things Devices: Lloyd’s
Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd's in partnership with cyber analytics ...
American Family Closes Purchase of Digital Exchange Bold Penguin
Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring digital exchange Bold Penguin, a startup designed to simplify the process of obtaining small business insurance. ...
UK Cites Worsening Political Risks in New Hong Kong Business Guidance
The UK highlighted increasing political risks in its latest guidance on conducting business in Hong Kong, pointedly dropping references to relations with its former colony as "positive" and ...
Insurers, Agents Both Want More Connectivity and Digital Collaboration
Both agents and insurers express strong support for agent-insurer connectivity and digital collaboration in distribution and servicing. Nearly 90 percent of insurers believe it would be useful to ...
Buffett’s Berkshire Hathaway Makes Major Investments in Verizon, Chevron
Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc and a $4.1 billion stake in oil ...
Executives On The Move at AXIS and Beazley
AXIS Insurance hired a new underwriting executive for its Small Specialty Commercial division. Specialist insurer Beazley appointed two underwriters in the U.S. to write Deadly Weapons Protection ...