Business Insurance
Arthur J. Gallagher & Co. has recruited former Travelers Cos. Inc. underwriter Haytham Zohny as a senior vice president in its complex risk casualty team.
Posted: May 24, 2022
Allianz Global Corporate & Specialty SE, an Allianz SE unit, said Tuesday that former Swiss Re Corporate Solutions executive Anthony Codding Jr. will join the AGCS financial lines team as regional head of strategy and portfolio steering, North Americ...
Posted: May 24, 2022
Massachusetts’ high court on Tuesday rejected Exxon Mobil Corp.’s bid to dismiss a lawsuit by the state's attorney general accusing the oil company of misleading consumers and investors about climate change and the dangers of using fossil fuels.
Posted: May 24, 2022
Supply chain disruptions due to the COVID-19 lockdowns in China and the surging cost of steel and other components are slowing down the pace of renewable energy sector’s growth in Australia.
Posted: May 24, 2022
Heavy rains and floods again pummeled South Africa’s coastal province of KwaZulu-Natal on May 22, causing property damage and prompting the evacuation of hundreds of people.
Posted: May 24, 2022
French reinsurer Scor SE is now seeking as much as $250 million in retro reinsurance protection from its new catastrophe bond issuance, up from the previous target size of $150 million.
Posted: May 24, 2022
A report by Germany-based Munich Reinsurance Co. said that cyber insurance gap remains “disproportionately high.”
Posted: May 24, 2022
Japan’s Toyota Motor Corp. will trim its global output by around 100,000 vehicles in June due to the semiconductor chip shortage, and supply chain disruptions caused by strict COVID-19 lockdowns in China.
Posted: May 24, 2022
Due to effects from the Ukraine war, the German Insurance Association has lowered its annual premium growth forecast for the local insurance industry to 2.3% from an expected 2.7%.
Posted: May 24, 2022
Italian cheesemakers have axe to rind with fraudulent cheese peddlers.
Posted: May 24, 2022
Insight Risk Technologies LLC has launched Insight Risk builders risk coverage, the managing general agent said in a statement Tuesday.
Posted: May 24, 2022
As more employers use artificial intelligence software to screen job applicants and employees, they should heed recent guidance from federal agencies warning about potential disability discrimination pitfalls, employment experts say.
Posted: May 24, 2022
Lawmakers in New York are seeking to amend the workers compensation law, in relation to presumptive evidence for individuals who participated in the World Trade Center rescue, recovery and clean-up operations.
Posted: May 23, 2022
The frequency of legal malpractice claims remained relatively flat last year, but claims severity continued to spike, says a report released Monday.
Posted: May 23, 2022
Two Chicago state appeals courts on Friday ruled in favor of a Zurich Insurance Group Ltd. unit in COVID-19-related business interruption litigation filed by restaurant and hotel chains.
Posted: May 23, 2022
Alliant Insurance Services Inc. said Monday that attorney James Chenoweth has joined its mergers and acquisitions group.
Posted: May 23, 2022
American International Group Inc. said Monday its scope 1 and 2 carbon emissions increased in 2021 but stayed below pre-pandemic levels due to real estate consolidation.
Posted: May 23, 2022
It appears those handy mobile apps that give you details on your pet’s health are also fetching major wins in the pet insurance market.
Posted: May 23, 2022
Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere.
Posted: May 23, 2022
A storm that swept across western and central Germany on May 20 generated three strong tornadoes in the state of North Rhine-Westphalia that left a trail of destruction, especially in the city of Paderborn.
Posted: May 23, 2022
Swiss catastrophe data provider Perils AG has increased its insured and reinsured loss estimates for the three European windstorms Dudley, Eunice and Franklin by 10% to approximately €3.6 billion ($4 billion).
Posted: May 23, 2022
Japanese insurer Tokio Marine Holdings Inc.’s net profit more than doubled year-on-year to 420.5 billion Japanese yen ($3.3 billion) in the fiscal year ended March 31.
Posted: May 23, 2022
U.K.-based insurer and reinsurer MS Amlin Ltd. posted an underwriting loss of £197 million ($246 million) in 2021, primarily driven by £296 million in natural catastrophe losses resulting from European floods, Hurricane Ida and the North American col...
Posted: May 23, 2022
The California Division of Occupational Safety and Health’s Process Safety Management Unit cited Valero Refinery of Benicia and three contractors a combined $1.75 million for safety violations following the death of a 35-year-old worker.
Posted: May 23, 2022
The Spencer Educational Foundation on Friday announced it has established the Dan Kugler Memorial RMOC Grant to help fund its program sponsoring risk manager participation in university education.
Posted: May 23, 2022