U.S.
Global Insured Catastrophe Losses Jump to $31B in H1: Swiss Re
Global insured property losses from disasters were $31 billion in the first half of 2020, up from $23 billion during the same period last year, according to Swiss Re Institute's preliminary sigma ...
Coronavirus Costs Deal Relatively Modest Blow to Major U.S. Insurers
The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter - a cost that was far less than feared and which the industry ...
Beyond Facts, Good Leaders Also Follow Gut Instincts
In a rapidly changing business climate, executives must nurture their intuition as much as they rely on facts and figures to make decisions. A recent posting on the Great Leadership Blog argues as ...
A Record 25 Named Tropical Storms Could Strike This Year
The U.S. National Oceanic and Atmospheric Administration (NOAA) last Thursday predicted up to 16 more named tropical storms this year, to as many as 25, the highest in the agency's history. The 2020 ...
McConnell’s Push for Coronavirus Liability Shield Reaches Crucial Phase
Senate Majority Leader Mitch McConnell's insistence that legal liability protections for businesses, schools and colleges be included in any new coronavirus relief bill is approaching a moment of ...
The Latest Launches From Generali/GEICO and RMS
A division of Generali Group is using its cyber protection platform for GEICO Insurance Agency customers. Catastrophe modeler RMS said it has made major updates to its line of HWind forecasting ...
Companies Risk Substantial Loss of Annual Profit Due to Supply Chain Shocks
Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber attacks, pandemics and climate change, according to McKinsey & Co., which estimates ...
CNA CEO Robusto’s Contract Extended Through 2024
CNA Financial Corp. Chairman and CEO Dino Robusto will remain in his position a few extra years, thanks to a contract extension that will run through 2024. The Chicao-based commercial ...