European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally played a role in both elements, according to a new AM Best market …
FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists against the insurance industry. The tactic urged by The …
SYDNEY/SINGAPORE – Some would-be travelers are considering canceling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an already fragile recovery for the global tourism industry. …
An oil tanker hit an offshore oil platform at night off Louisiana because its Turkish operating company didn’t give the ship’s master time to recover from days of sleepless travel, federal investigators have found. The master, or person in charge …
Wisconsin Insurance Commissioner Mark Afable is stepping down next month, Gov. Tony Evers said. Evers appointed Afable to the post in December 2018. Afable had previously worked for American Family Insurance and served as the company’s chief legal officer before …
Openly, a homeowners’ insurance platform, announced it has expanded into Alabama, its eighth new state in 2021. Openly, which lets website users choose an agent, get a quote or file a claim, is now in 15 states, the company said …
In an effort to increase the number of flood insurance policies in the state, the Alabama Department of Insurance is relaxing requirements that carriers file flood insurance rates, except for those covering vehicles. “More than 20% of the claims filed …
Florida’s top financial and insurance regulator may have landed in the middle of a political mess, but he and other state officials were within their rights in hiring an agency head who was later forced out over allegations of sexual …
In a sign that Florida’s property insurance problems continue to be a hot-button issue, a Florida state representative will hold town hall meetings next week to hear from stakeholders. State Rep. Kamia Brown, D-Orlando, announced the “State of the Insurance …
One of the largest utility companies in Florida may, after all, be shielded from tort claims by the grand bargain of workers’ compensation law, even though it had contracted maintenance work to another firm, a Florida appellate court has decided …
