The Allianz Group “is significantly expanding its climate strategy.” The German insurance giant recently announced a commitment to support the change to a low-carbon economy over the coming decades, and is setting for itself long-term climate goals that are linked …
Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. “The Lloyd’s Corporation has given very careful consideration as to whether syndicates …
During April, five separate storm systems caused severe thunderstorms across the United States, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic, and the Northeast, with nearly 70 tornado touch-downs and up to baseball-sized hail that damaged residential and …
The White House plans to convene a meeting on Thursday on the future of artificial intelligence in U.S. industry with major companies including Facebook Inc., Amazon.com Inc., Google parent Alphabet Inc. and Oracle Corp. as well as senior government officials. …
Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has attracted about 75 insurers, with Chubb and …
The U.S. Transportation Department’s 10 winning drone pilot projects aimed at spurring the use of unmanned aerial vehicles in a wide variety of fields do not include Amazon.com Inc. and China’s DJI, but do involve Alphabet Inc., Qualcomm Inc. and …
U.S. initial public offerings have the seismic changes in the insurance industry to thank for 2018’s biggest share sale. Axa Equitable Holdings Inc. sold 137.25 million shares at $20 each on Wednesday to raise $2.75 billion. That’s well short of …
American International Group Inc said shareholders approved a $43.1 million pay package for 2017 for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. A nonbinding resolution to endorse the executive compensation passed with 441,882,782 shares in …
Drug use by the American workforce remains at its highest rate in more than a decade, driven by increases in cocaine, methamphetamine and marijuana. However, prescription opiate positivity rates have declined. Nationally, the positivity rate for the combined U.S. workforce …
Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson survey. Approximately 83 percent of …
