Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon July 16, 2020 By Susanne Sclafane Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance...
Warning of ‘Trivial’ Suits, Judge Dismisses Cruise Passengers’ COVID-19 Claims July 16, 2020 By Tom Hals A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups? July 16, 2020 By Susanne Sclafane Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up...
High-Tide ‘Nuisance’ Flooding to Continue to Grow and Plague U.S. Communities: NOAA July 16, 2020 Coastal communities in the U.S. continued to see record-setting high-tide flooding last year, forcing their residents and visitors to deal...
P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis July 15, 2020 There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019,...
Chubb Appoints The Council’s Fielding as Government Affairs General Counsel July 15, 2020 Insurer Chubb announced the appointment of John Fielding as senior vice president, general counsel, Global Government and Industry Affairs. In...
CoreLogic Meets with Investors Cannae, Senator About Their Acquisition Bid July 15, 2020 By Scott Deveau CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to...
Profit-Driven Automakers Race to Next Level of Not Quite Self-Driving Cars July 15, 2020 By Ben Klayman and Paul Lienert Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance...
East Coast’s Insured Loss From Tropical Storm Fay to Tally Near $400 Million: KCC July 15, 2020 The insured loss from Tropical Storm Fay will be close to $400 million, according to catastrophe risk modeling firm Karen...
Safety Probe Cites Mistakes by First Officer, Pilot in 2019 Amazon Cargo Plane Crash July 15, 2020 By David Shepardson The U.S. National Transportation Safety Board (NTSB) cited cockpit mistakes by the first officer and pilot in a February 2019...