National News

Insuring Cannabis Summit: Brokers Advise on EPLI, Exclusions, Lounges, Labs

This is part of a series of articles from Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14. You can find more articles from the summit at the bottom of this one. Employee practice liability insurance, exclusions, onsite lounges, testing …

NAIC Report Outlines Ways to Address Climate-Related Risks

The National Association of Insurance Commissioners released the report calling out measures to adapt to and deal with the risks posted by climate change. The report, Adapting to Emerging Risks: The State-Based Regulatory System is Focused on Climate and Resiliency, …

Zurich North America Doubles Down on Apprenticeship Program

Zurich North America announced it will significantly expand the Zurich Apprenticeship Program, doubling the number of participants in 2022. CEO Kristof Terryn said the insurer plans to hire approximately 70 apprentices in at least nine cities where the insurance provider …

People Moves: Changes at the Top at Marsh McLennan, Marsh and Guy Carpenter

Doyle: MMC Group President, COO; South: President, CEO, Marsh; Klisura: President, CEO, Guy Carpenter; Donnelly: President, Marsh US and Canada. Marsh McLennan announced changes to its executive committee effective January 1, 2022. The company has promoted John Doyle to group …

Where Insurance Prices Will Moderate in 2022. And Where They Probably Won’t.

Commercial insurance prices in general should stabilize in 2022, although not in cyber where increases from 50% to as much as 150% could be in store, according to one brokerage’s predictions Willis Towers Watson also said in a report that …

Aspen Institute Report Calls for Regulation, Local Media to Fight Internet Misinformation

Misinformation is jeopardizing efforts to solve some of humanity’s greatest challenges, be it climate change, COVID-19 or political polarization, according to a new report from the Aspen Institute that’s backed by prominent voices in media and cybersecurity. Recommendations in the …

P/C Insurers’ Increased Reliance on Reinsurance Portends Premium Hikes

American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming. “This year we’re …

Insurance Technology: LineSlip Aids Property Underwriting; Bold Penguin Adds 2 Products:, Cowbell Assesses AWS

LineSlip Streamlines Property Value Reporting, Underwriting Data LineSlip Solutions recently unveiled a new tool to help risk managers, insurance brokers, and real estate asset managers streamline the collection and reporting of property values and insurance underwriting data. The new tool …

Demex and Vave Offer Parametric Extreme Temperature Insurance for U.S. Businesses

A technology firm and a managing general agent are partnering to offer extreme temperature insurance to commercial properties across the United States. According to Vave, an algorithmic underwriting MGA, and The Demex Group, a climate risk analytics and technology firm, …

Tesla Seeks Retrial, Cut in ‘Staggering’ $137M Award in Racial Bias Workplace Case

Tesla has asked a federal court to reject what is calls a “staggering” $136.9 million jury award or order a new trial in a case involving an employee’s claim that the car maker did not do enough to protect him …

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