U.S. Insurers’ Face ‘Minimal Exposure’ in China’s Evergrande Property Crisis October 18, 2021 By L.S. Howard The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest...
Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool October 18, 2021 Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed...
Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc. October 18, 2021 Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks...
Lawmakers Introduce Liability, Competition Bills Targeting Giant Internet Firms October 18, 2021 By Anna Edgerton and Rebecca Kern The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from...
China Provides Assurances that Evergrande Crisis Is Being Contained October 18, 2021 By Sofia Horta e Costa For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down...
Former Boy Scouts Official Tells Congress Group Still Protecting Secrets Over Kids October 18, 2021 By Randall Chase The former youth protection director for the Boy Scouts of America said Tuesday the organization is not doing enough to...
Munich Re, Hannover Re Expect Rising Prices After Floods in Germany October 18, 2021 German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe...
Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger October 18, 2021 By Ronan Martin For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...
Electric Scooter Providers Plan Selective Expansion, Seeking Scale to Survive October 18, 2021 By Nick Carey and Carolyn Cohn The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as...