Articles by Suzanne Barlyn

Taxpayers, Not Insurance, to Cover Costs of Capitol Damage by Trump Mob

U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and grounds are not insured, industry sources said. Supporters of Republican President Donald Trump angry at …

Rising Lawsuits Over Lack of Diversity Pushing Insurers to Look Closer at Recruiting, Succession Practices

U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said. Insurers are meeting company officials to examine …

Insurers Looking Into Rise in Lawsuits Against Firms Over Lack of Diversity

U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said. Insurers are meeting company officials to examine …

Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden

U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice “Hank” Greenberg, chairman of Starr Insurance Companies, told Reuters on Wednesday. “President-elect Biden is no stranger to that problem,” Greenberg …

Threat of U.S. Insurance Regulatory Crackdown Fades Without Democratic ‘Blue Wave’

Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. The U.S. presidential …

Insurers, Covid-Hit Businesses May Be at Odds Over Interruption Claims for Disasters

As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged or evacuated because of natural catastrophes …

University Insured Chinese Student Tuition Revenue Against Virus. Then COVID-19 Hit.

After becoming dean of the University of Illinois business school in 2015, Jeffrey Brown worried that politics or a virus would choke off a major source of revenue for his school: Chinese graduate students. So, in 2017, along with the …

AIG’s Coronavirus Hits Include Travel, Workers’ Comp, Property, Trade Credit Lines

Insurer American International Group Inc. racked up $730 million in COVID-19-related losses during the first half of the year, its chief executive officer said on Tuesday. The pandemic is a “formidable and ongoing catastrophe,” AIG CEO Brian Duperreault said during …

AIG Q2 Profit Falls on Higher Catastrophe Losses, Lower Private-Equity Returns

Insurer American International Group Inc. on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to AIG common shareholders fell to $571 million in the second …

Insurers Exploring ‘New World’ of Police Officer Professional Liability

U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct. They see a potential market …