P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1 July 29, 2021 Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20...
Scientists Call for Urgent Climate Change Action, Citing ‘Tipping Point’ July 29, 2021 By Don Jergler The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving...
Chubb Is ‘Firing On All Cylinders,’ Says CEO Greenberg After Record Results for Q2 July 28, 2021 Chubb released positive second quarter results, driven by gains in its commercial property/casualty business and related rate hikes in the...
States Braced for a Wave of COVID Lawsuits. It Never Arrived. July 28, 2021 By Elaine S. Povich In a legislative flurry, 30 states instituted liability protections in late 2020 and early 2021 designed to protect businesses from...
Businesses Show They’re in No Rush to Resume Busy Travel Schedules July 28, 2021 By David Koenig Of the 2 million people clogging airport security lines and gate areas again each day, one crowd is still largely...
Pressure on Workers to Get Vaccine Grows as Patience Runs Thin for U.S. Employers July 28, 2021 By Elise Young As a resurgence in Covid-19 cases prompts more U.S. employers to require vaccinations, workers who object face a common response:...
White House Calls Nixing of Aon-Willis Deal ‘Robust Enforcement’ of Antitrust Laws July 28, 2021 By Nandita Bose and Trevor Hunnicutt The White House on Tuesday praised the Justice Department’s successful effort to stop a $30 billion deal that would have...
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh July 28, 2021 Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far...
States Weigh Bans on Ransomware Payoffs July 27, 2021 By Jenni Bergal, Stateline As ransomware attacks continue to wreak havoc on police departments, school districts and city and county governments, some state legislators...
Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped July 27, 2021 By L.S. Howard Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain...