Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business. After reporting a net loss of $60 million in the fourth quarter of 2020, the company reported net …
A pair of California legislators and the state’s insurance commissioner are pushing a bill to create an early warning system for heatwaves. California State Assembly Members Luz Rivas (D-San Fernando Valley) and Eduardo Garcia (D-Coachella), in partnership with California Insurance …
The chairman of Italy’s biggest insurer, Generali GASI.MI, plans to step down in April after 11 years in the job, saying that current tensions among investors were a source of regret. Gabriele Galateri di Genola told the board he would …
WTW Partners With Falvey Cargo Underwriting for Affirmative Cargo Cyber Coverage Insurance broker Willis Towers Watson is partnering with Falvey Cargo Underwriting on an affirmative cyber coverage product for cargo and stock throughput risks. WTW said the new product recognizes …
Zurich Names Martino Regional Vice President For Midwest Region of U.S. Middle Market Unit Zurich North America has named Trey Martino as regional Vice President for the Midwest region of its U.S. middle market unit. He will be based in …
AXA Insurance UK announced the acquisition of the renewal rights to Ageas UK’s commercial business for an initial consideration of £47.5 million (US$64.3 million). The deal will see Ageas’ Commercial lines business transfer to AXA from July 2022, while existing …
A steel company has agreed to pay $3 million and improve the wastewater system at an Indiana mill, more than two years after a discharge of ammonia and toxic chemicals killed fish and closed beaches, the federal government said Feb. …
Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best. In 2021 the number of rating upgrades increased to 54, up from 38 …
Just when insurers saw signs that last year’s reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday. CaseGlide, the maker of litigation management software, which also tracks claims disputes, reported that the …
A new report from the U.S. Government Accountability Office (GAO) found most of the country’s critical infrastructure have yet to take steps toward adopting a nearly decade-old framework to improve cybersecurity. Just three of 16 identified critical infrastructure sectors that …
