Global Insurance Rates Continue to Moderate in Q1 – With the Exception of Cyber April 28, 2022 Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases...
Judge Rules for Elon Musk in $13 Billion Lawsuit Over Tesla-SolarCity Deal April 28, 2022 By Tom Hals Tesla Inc. Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in...
Inflation Boosts W.R. Berkley Top Line to Record Level as Exposures Grow April 28, 2022 By Susanne Sclafane While investment analysts continue to track commercial insurance rate hikes for property/casualty insurance carriers, exposure growth was an important contributor...
Former Sompo Exec Chang Moves to WTW April 27, 2022 Michael Chang, former CEO of Sompo International’s Global Risk Solutions business, has been hired by WTW as head of Corporate...
Supreme Court Tackles Case About Praying Football Coach April 27, 2022 By Jessica Gresko A coach who crosses himself before a game. A math teacher reads the Bible aloud before the bell rings. A...
U.S. Lawmakers Push Insurers to Stop Underwriting Fossil Fuels April 27, 2022 By Josh Saul and Max Reyes A group of Democratic lawmakers, mostly members of the Congressional Progressive Caucus, have asked some of the nation’s biggest insurance...
White House Seeks More Power to Counter Use of Drones in U.S. April 27, 2022 By Aamer Madhani The Biden administration is calling on Congress to expand authority for federal and local governments to take action to counter...
Chubb Posts Record Q1 P/C Underwriting Income April 26, 2022 By Chad Hemenway Chubb said first quarter 2022 net income fell to $1.97 billion compared with $2.3 billion during the same time a...
People Moves: Quigley Ascot’s Surety Lead; Olson Named Zurich N.A. Head of Programs April 26, 2022 Quigley Named Ascot’s Head of Surety Ascot appointed Tara Quigley executive vice president and head of Surety. She will be...
81% of Flood Insurance Policyholders Will See Rate Increases, Report Says April 26, 2022 By Leslie Kaufman When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April,...