Commercial Liability Insurers Face Growing Number of False Claims Act Cases October 26, 2021 By Jim Sams A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost...
Analysts Say U.S. Labor Shortage Could Last a While October 26, 2021 By Caroline Valetkevitch Labor shortages may be the most intractable of the cost risks that U.S. companies faced in the latest quarter, and...
AIG Announces Senior Leadership Changes; Readies for Life & Retirement Unit Spinoff October 26, 2021 Insurer American International Group announced senior leadership changes that it says strengthen the organization to deliver on its main priorities...
Safety Head Criticizes Tesla Over Its Release of New Self-Driving Software October 26, 2021 By David Shepardson The head of the U.S. National Transportation Safety Board on Monday criticized electric carmaker Tesla Inc.’s decision to provide new...
Global Commercial Insurance Rates Rise 15% in Q3 as Moderation Continues: Marsh October 26, 2021 Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded...
UK Financial Regulator Raises No Objection to Bain’s Acquisition of Insurer LV= October 26, 2021 By Huw Jones Britain’s financial watchdog said on Tuesday it won’t stop insurer LV= from proceeding with the disputed sale of its pensions...
Reinsurance Price Increases Support Improving Outlook for Sector: Fitch October 26, 2021 Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and...
Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather October 26, 2021 Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant...
Australian Publisher Urges Government to Compel Facebook to Negotiate Content Deal October 26, 2021 By Byron Kaye SYDNEY – A small Australian publisher is calling for the government to enforce a new law to compel Facebook Inc...
Southern Ontario Storms in September Cause Insured Damages of C$105M October 26, 2021 Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according...