U.S.
AGCS Gets Negative Outlook From S&P Over ‘Weak Underwriting Performance’
Allianz Global Corporate & Specialty faces an outlook downgrade from S&P Global Ratings. The ratings agency revised its outlook for AGCS to negative from stable, while at the same time ...
Insurers Worry About Legionnaires’ Risks as Buildings Reopen
Commercial insurers are scrutinizing building managers' efforts to avoid outbreaks of Legionnaires' disease as they re-open movie theaters, gyms, schools and offices that had been closed for months ...
COVID-19 Legacy: Many Work-From-Home Policies Likely to Remain Indefinitely
Many of the work-from-home policies launched or expanded due to the coronavirus pandemic are likely to remain indefinitely, according to a survey conducted by 451 Research, S&P Global Markets' ...
Markel International Narrows Focus to Entertainment; COVID-19 Costs to Blame
Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its ...
AmTrust, Ex-CFO Will Pay $10.5M to Settle SEC Charges Of Improper Reporting
The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former chief financial officer, with failing to disclose material ...
California Compels Insurers to Reduce Workers Comp Premiums
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers' compensation insurance, citing lower risk factors as ...
Lloyd’s Promises Amends for ‘Shameful’ Role in Atlantic Slave Trade
The Lloyd's of London insurance market has apologized for its "shameful" role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organizations promoting ...
The Latest Launches From BHSI and Travelers
A division of Berkshire Hathaway Specialty Insurance Company launched new coverage designed for road trip travelers. The Travelers Companies will begin to offer wildfire mitigation services at no ...