Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics March 26, 2021 By Alwyn Scott and Suzanne Barlyn Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United...
Some Insurers Strengthening Virus Exclusion Language in Policies After COVID Cases March 5, 2021 By Alwyn Scott U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the...
AIG Hikes Rates Up to 45%; Reports Interest in Life/Retirement Unit Sale February 18, 2021 By Alwyn Scott and Suzanne Barlyn American International Group Inc. said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a...
Insurance Executives Seek More Diversity in Executive Ranks November 19, 2020 By Alwyn Scott When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry...
Cyber Security Top Concern for Businesses in ‘Age of Risk:’ Marsh & McLennan’s Glaser November 17, 2020 By Alwyn Scott Cyber security has emerged as the most pressing exposure for business confronting a new “age of risk,” topping the coronavirus...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims November 17, 2020 By Alwyn Scott U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted...
Threat of U.S. Insurance Regulatory Crackdown Fades Without Democratic ‘Blue Wave’ November 5, 2020 By Suzanne Barlyn and Alwyn Scott Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which...
Insurers, Covid-Hit Businesses May Be at Odds Over Interruption Claims for Disasters September 4, 2020 By Suzanne Barlyn and Alwyn Scott As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the...
Insurers Exploring ‘New World’ of Police Officer Professional Liability July 24, 2020 By Suzanne Barlyn and Alwyn Scott U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers...
Some Question Insurers’ Estimates of Coronavirus Business Interruption Claims June 12, 2020 By Alwyn Scott and Suzanne Barlyn U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses...