Climate Activists to Pressure U.S. Insurers Underwriting Fossil Fuel Industry

Article 1 Comments Expect calls for the insurance industry to stop investing in or insuring the fossil fuel industry and fossil fuel projects to grow louder in California and throughout the U.S. A new petition by several climate change and consumer activist groups will be calling for new California Insurance […]

AIG Executives Outline Path to Underwriting Profit in 2019

Article 0 Comments “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president and chief executive officer, American International Group […]

DOI: Workers’ Comp Rates in Indiana to Drop Again Next Year

Article 0 Comments Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction for workers’ comp rates, effective Jan. 1, 2019, the Indiana […]

Losses to North Carolina Schools from Florence Worse than Hurricane Matthew

Article 0 Comments North Carolina’s public school officials expect damage from Hurricane Florence to well exceed school losses after Hurricane Matthew two years ago, a Department of Public Instruction official told the state’s board of education last week. After receiving a record number of claims, the state’s public school insurance […]

Canada’s Intact Financial Not Planning to Insure Recreational Cannabis Industry

Article 0 Comments Don’t expect Intact Financial Corp., Canada’s largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. “It’s not seen as the pot of gold that we should chase after,” Chief Financial Officer Louis Marcotte said Tuesday at the Bloomberg Canadian Fixed Income Conference in New […]

A.M. Best Sees Recent Floods Having Limited Effect on India’s Insurers’ Ratings

Article 0 Comments A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable underwriting performance that A.M. Best has flagged as a negative […]

Insurtech Can Help Agents, Brokers Build Their Businesses: Furtado of Ratehub.ca

Article 0 Comments In today’s increasingly digital world, consumers expect to be able to access online information on insurance products, compare prices and carrier options, and apply for coverage using a simple and efficient process. But many agencies and brokerages are falling short of providing their consumers with such easy […]

Employers Waking Up to Costs of Employees Falling Asleep on the Job

Article 0 Comments An employer with 1,000 employees can expect to lose more than $1 million each year in missed workdays, lower productivity and increased healthcare due to employee fatigue, according to a new survey. About one-third of all employers report employee injuries and near-misses due to worker fatigue, the […]

Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’

Article 2 Comments Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices paid for recent transactions may make sense to others, but they don’t for us,” Greenberg explained […]