Yellen Says Extreme Weather Exposes Gaps in Insurance Protection August 1, 2023 By Christopher Condon Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans...
Hard Market Game Refuses to End: Arch Capital CEO August 1, 2023 By Susanne Sclafane Drawing analogies to an epic tennis match and the hands of a clock, the leader of Bermuda-based Arch Capital declared...
Uber-Backed Group to Reboot Gig-Worker Ballot Initiative in Massachusetts August 1, 2023 By Jackie Davalos and Josh Eidelson A coalition of gig economy giants plan to reboot a failed ballot initiative in Massachusetts in a renewed push to...
Swedish Mining Firm Exempted From Paying Compensation for Toxic Spill in Spain in ’98 August 1, 2023 By David Brunat A Spanish court on Friday exempted a Swedish mining firm from paying 89 million euros ($98 million) in compensation for...
People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman August 1, 2023 This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here....
MGA Pen Underwriting Creates Standalone Financial Lines & Specialist Liability Division August 1, 2023 Pen Underwriting, the London-based managing general agent and Gallagher subsidiary, announced changes to its divisional structure to bring together core...
Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives August 1, 2023 Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday as a weakening typhoon brought non-stop...
Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards August 1, 2023 By Kenneth Saldanha and Anna Benetto The winners of the Qorus-Accenture Innovation in Insurance Awards were announced recently at a live ceremony in Milan, bringing together...
Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims August 1, 2023 Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...