The Insurance Development Forum (IDF) announced the appointment of Michel M. Liès as its next Steering Committee chair with effect from April 19, 2022. He succeeds Denis Duverne who has been chair of the Steering Committee since September 2018. Duverne …
The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by Fitch Ratings. As a result, Fitch has revised its outlooks for these sectors …
China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns. The government’s curbs on data movement across …
Exports of essential medical devices Russia is dependent upon from the West have been partly restored, reducing the immediate risk of life-threatening shortages after a near-total collapse when the war in Ukraine began, a Western industry source told Reuters. Russia …
The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will continue to increase on the back of rising inflation and regulatory changes, a survey showed on Thursday. UK motorists now …
Initial insurance losses for the Eastern Australia floods are estimated at A$3.99 billion (US$2.97 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The PERILS loss estimate for the floods, which inundated Eastern Australia during …
The U.S. Justice Department on Wednesday appealed a judge’s ruling ending a mask mandate on public transportation and airplanes after the Centers for Disease Control and Prevention (CDC) said the measure was still needed. A U.S. district judge ruled on …
Insurer insolvencies are hard enough on policyholders and company executives, but local agents across Florida also are feeling the pain from one recent liquidation and may soon feel it from others. The Florida Department of Financial Services has notified agents …
A man who was tasked with fielding complaints of harassment at the Oregon Capitol is suing, saying he was pushed out of the job after reporting serious problems in his office and in the upper ranks of legislative administration. Nate …
A federal judge has given final approval to a $34 million settlement in a class-action lawsuit against a plastics company over toxic chemical contamination of soil and groundwater in a southern Vermont community. Saint-Gobain Performance Plastics Corporation will pay $26.2 …
