Insurance M&A Activity Slowed in 2022: S&P December 29, 2022 Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped...
Not Time to Celebrate Soft Market but Commercial Insurance Rates Are Stabilizing December 29, 2022 By Susanne Sclafane With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for...
Ransomware Did Not Cause Direct Physical Loss, State High Court Says December 29, 2022 By Jim Sams A business owner’s insurance policy did not provide coverage for software damaged by a ransomware attack because there was no...
2022 Will Be UK’s Warmest Year on Record: Met Office December 29, 2022 This year will be the warmest year on record for the UK, according to the Met Office. The annual average...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies December 29, 2022 U.S. oil major Exxon Mobil Corp. is suing the European Union in a bid to force it to scrap the...
Top 10 International Insurance Journal Stories of 2022 December 29, 2022 By L.S. Howard As we reach the end of another eventful year, Insurance Journal takes a look back at some of the top...
Top 10 National Insurance Journal Stories of 2022 December 29, 2022 By Chad Hemenway Auto insurers have had difficulties coming out of the pandemic – when streets were relatively unpopulated. The topic was the...
Top 10 West Insurance Journal Stories of 2022 December 29, 2022 By Don Jergler GEICO closing offices in California, insurers battling with regulators, lawsuits, settlements, and wildfires were among the most read stories in...
AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops December 29, 2022 AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins...