Gen Xers Pass Boomers in Wealth; Inequality on Basis of Race Persists March 31, 2021 By Howard Schneider Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump...
2020’s P/C Insurance Industry Results and What They Mean for 2021 March 31, 2021 By Susanne Sclafane The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms...
RPS, AXIS Insurance Launch Coverage for Home-Based Businesses March 30, 2021 E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with...
Regulators, Watchdog at Odds With Insurance Actuaries Over Withdrawn Documents March 30, 2021 By Susanne Sclafane A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform March 30, 2021 Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also,...
Despite Soy Rally, Farmers Bet on Corn Backed by High Crop Insurance Guarantee March 30, 2021 By Mark Weinraub CHICAGO— A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse...
Boeing Directors Seek Dismissal of Investors’ Lawsuit Over 737 MAX Safety March 30, 2021 By Eric M. Johnson Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following...
Supreme Court Grapples With Investor Class Actions in Goldman Sachs Securities Case March 30, 2021 By Andrew Chung U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc. over how judges should determine...
Number of Independent Agencies Dips a Bit: Future One Study March 30, 2021 Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at 36,000, a...