The Polar Vortex And Climate Change

Article 3 Comments A new report outlines the numerous risks insurers face from climate change. The report from Sustainalytics, a provider of ESG (Environmental, social and governance) and corporate governance products and services, shows that property/casualty insurers face two key points of exposure to climate risks in 2019 and beyond: […]

AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty

Article 0 Comments It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out how the outcome would affect its investments […]

Louisiana Diocese Will Name Clergy Accused of Abuse

Article 0 Comments The Roman Catholic Diocese of Baton Rouge, La., says it will publicly identify all of its clergy credibly accused of child abuse. Bishop Michael Gerard Duca says on the diocese website that releasing the list of names on Thursday will be helpful to victims and help to […]

Beazley Boosts Healthcare Management Team with Goetz in Chicago

Article 0 Comments Beazley has expanded its healthcare management liability team with the appointment of Greg Goetz as complex claims manager. Goetz will be based in Chicago, Ill. Goetz was previously a financial lines complex claims analyst at Allianz Global Corporate & Specialty. He spent a decade as defense attorney […]

Utah Ski Crash Lawsuit Names Gwyneth Paltrow

Article 0 Comments Actress Gwyneth Paltrow has been accused in a new lawsuit Tuesday of breaking a man’s ribs and leaving him with a concussion when she smashed into him from behind while skiing at a Utah ski resort in 2016. Retired optometrist Terry Sanderson, 72, said during a news […]

California Wants Faster Forestry Approvals in Wildfire Fight

Article 0 Comments California wildland managers said this week that they want to speed up logging and prescribed burns designed to slow wildfires that have devastated communities in recent years. After the deadliest and most destructive blazes in state history, officials are scrapping 12 years of efforts and starting anew […]

W.R. Berkley’s Reinsurance Results Falter

Article 0 Comments W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio due to higher catastrophe loss expenses. At the same time, insurance premiums and investment income grew. The Connecticut-based insurer and reinsurer booked more than $132.3 million in net income during the […]

California Bail Industry Keeps Premiums High, Lawsuit Alleges

Article 0 Comments A lawsuit filed on behalf of bail customers claims surety companies and agents in California conspire to keep premiums high. The Los Angeles Times reported public-interest groups filed the suit this week in Alameda County against more than 20 companies and agents. It alleges the defendants work […]

Insurers with Best Service Win More Business from Independent Agents

Article 0 Comments It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting through to some carriers judging from a survey showing that […]

Judge Says PG&E Has “Clear-Cut” Pattern of Starting Wildfires

Article 0 Comments A federal judge who has emerged as a vocal critic of PG&E Corp.’s safety record, said the California utility giant has a “clear-cut pattern” of starting wildfires and needs “strong medicine” put in place before this year’s season begins. U.S. District Judge William Alsup is overseeing PG&E’s […]