August 8, 2024
Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives say. London was among British cities hit by flash floods last week …
July 18, 2024
FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting. “We believe that by uniting our businesses under the FM …
April 25, 2024
Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of underwriters who serve Zurich’s …
November 2, 2023
This edition of International People Moves details appointments at FM Global and MAPFRE and MAPFRE RE. A summary of these new hires follows here. FM Global Names Tadmoury to Lead EMEA, APAC, Canada and Specialty Commercial property insurer FM Global …
September 12, 2023
Eligible commercial property insurance clients of FM Global will receive a share of what the insurer calls a “resilience credit” to be put toward climate mitigation solutions. Collectively worth $350 million, the initiative follows the allocation of a $300 million …
February 8, 2023
A Samsung Electronics Co. semiconductor plant in Texas sued its insurer over $400 million in damage claims tied to a power blackout during a deadly winter storm in 2021. The federal lawsuit filed Monday against Factory Mutual Insurance Co. said …
September 29, 2022
While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren’t covered for shipping delays that don’t involve physical damage. As a result, many risk experts believe that if insurance isn’t …
September 8, 2022
Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and manufacturing. Terpack joins Zurich from …
August 8, 2022
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience credit,’ providing them with additional means to invest in climate resilience solutions. …
May 16, 2022
Already, 2022 is taking its place in a pantheon of years that have seen the nature of fire change — and all parts of the world fall under threat. It’s only expected to get worse, with drought and heat waves …