Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers May 26, 2023 By Tommy Wilkes “Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on...
UPDATE: ESG-Bashing Triggers More Defections From Insurer Climate Group May 25, 2023 By Alastair Marsh The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust...
More Insurers Weigh Joint Strategy to Climate Change as They Assess Antitrust Risk May 5, 2023 By Alastair Marsh Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for...
Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year April 6, 2023 Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a...
Germany’s Allianz Does Not Plan to Renew Policy for Nord Stream 1 Project April 6, 2023 German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1...
Zurich Exits Insurance Climate Alliance, Days After Munich Re April 6, 2023 By Alastair Marsh Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second...
German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline April 4, 2023 By Jonathan Saul, Carolyn Cohn, Christoph Steitz and John O'Donnell German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources...
Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car March 20, 2023 By Nick Carey, Paul Lienert and Sarah McFarlane For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business March 10, 2023 Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz...
Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks February 27, 2023 By Max Reyes The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new...