First Half Insured Losses From Natural Disasters Reach 10-Year High July 21, 2021 Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the...
Advisory Firms Aite Group and Novarica Merge with Backing From Pamlico July 21, 2021 Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said...
Ford, Lyft, Argo AI Collaborate to Offer Robotaxi Service in Cities July 21, 2021 By Tina Bellon Self-driving startup Argo AI, carmaker Ford Motor Co. and ride-hail company Lyft Inc. on Wednesday said they partnered to offer...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon July 21, 2021 Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in...
States’ Next Targets for Opioid Settlements Include Pharmacies and Drugmakers July 21, 2021 By Brendan Pierson With a $26 billion nationwide settlement in sight over claims that the three largest U.S. drug distributors and Johnson &...
As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business July 21, 2021 By Katherine Chiglinsky and Max Reyes The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat...
Solar Industry, Owners Warned to Take Steps to Mitigate Wildfire Risk July 20, 2021 Noting that wildfire is a growing source of loss for both wind and solar power producers and insurers, one of...
Travelers’ Q2 Profit Boosted by Higher Premiums, Lower Catastrophe Losses July 20, 2021 U.S. property and casualty insurer Travelers Cos .Inc. delivered an unusually large beat of second-quarter profit expectations on Tuesday, helped...
Surplus Lines Insurers Report 21.9% Premium Hike in First Half of 2021 July 20, 2021 Surplus lines premium exceeded $24 billion and premium bearing transactions exceeded 2.6 million through the first six months of 2021,...
People Moves: Aon Cyber Appoints Bixby; Guy Carpenter Adds 2 from Willis Re, Zywave Names 3 Senior Leaders July 20, 2021 Hacking Expert Bixby Joins Aon Cyber Solutions Aon has appointed Adam Bixby as the new managing director, Proactive Security leader,...