UK INSURERS PAY $1.51 BILLION FOR COVID-19 BI LOSSES, CLEAR OUT MORE THAN HALF OF CLAIMS

British insurers have made aggregate COVID-19-related business interruption payments of £1.10 billion , according to the Financial...

REINSURERS EXPECT SIGNIFICANT RATE HIKES IN EUROPE BOOSTED BY CATASTROPHES, COVID-19

Munich Re's and Hannover Re's German commercial lines affiliates both say they expect reinsurance rates to rise in Europe due to catastrophe...

 
 
 

INSURTECH COVERGO EXPANDING NO-CODE PLATFORM SERVICES TO NORTH AND LATIN AMERICA

Asian insurtech CoverGo said it is expanding its no-code insurance platform services to the United States, Canada and Latin America. The...

TOKIO MARINE KILN NAMES FORMER CHUBB EXEC TO NEWLY CREATED AVIATION ROLE

Tokio Marine Kiln has named David Slevin to the newly created position of departmental head of aviation as the company focuses on expanding...

 
 
 

FSOC TO MEET OCT. 21, WILL DISCUSS CLIMATE FINANCIAL RISK

U.S. Treasury Secretary Janet L. Yellen will chair an Oct. 21 meeting of the Financial Stability Oversight Council to discuss the council's...

AON PLC NAMES CEO FOR NORDIC REGION

Aon plc has named Johan Forsgård as chief executive officer for Aon's Nordic region. He will join the firm in the fourth quarter of...

 
 
 

UK FINANCIAL CONDUCT AUTHORITY CHAIR TO STEP DOWN IN 2022

Charles Randell is stepping down as the chair of the U.K. Financial Conduct Authority and Payment Systems Regulator in the spring of...

KEMPER OFFERS $17.6 MILLION SETTLEMENT IN DATA BREACH CASES

Kemper Corp. and a subsidiary have offered $17.6 million to settle class-action complaints that the companies failed to protect the...

 
 
 

AM BEST TV PRESENTS “BEST PRACTICES FOR BUILDING A DIVERSE AND INCLUSIVE INSURANCE WORKFORCE”

AM Best's three-part series, “How D&I Impacts Insurers' Workforces, Products and Risks,” top industry leaders explore diversity and...

LLOYD'S APPROVES BEAZLEY ESG SYNDICATE

Beazley plc said it received in principle approval from Lloyd's to establish Syndicate 4321, which will offer additional capacity to...

 
 
 

RICHMOND NATIONAL GROUP LAUNCHES EXCESS & SURPLUS CARRIER FOR SME RISKS

Richmond National Group Inc. has launched specialty excess and surplus lines carrier Richmond National Insurance Co. It said the new...

LEGAL & GENERAL ANNOUNCES CHANGES TO SENIOR MANAGEMENT TEAM

Legal & General has named Andrew Kail to succeed Laura Mason as chief executive officer of L&G institutional retirement. Mason was...

 
 
 

BESTWEEK: AM BEST WEBINAR EXPLORES ‘UNINTENDED AND UNPRICED' CYBERRISK FOR PROPERTY

Cyberrisk is a rapidly growing concern for businesses of all sizes, and interest in cyber insurance is increasing most rapidly among...

JUDGE REFUSES TO DISMISS COVID-19 BAD FAITH COMPLAINT AGAINST CNA UNIT

A federal judge has refused a request by a CNA Financial Corp. unit to dismiss a lawsuit by an eye surgery center, which alleged the...

 
 
 

COMMISSIONER: KANSAS LAW ‘RIGHT-SIZING' STATE INSURANCE DEPARTMENT IN 2022

When Vicki Schmidt announced her intention last year to run for reelection as Kansas insurance commissioner, she pledged to reduce...

RIMS CEO TO RETIRE AFTER 36 YEARS WITH THE SOCIETY

RIMS, the risk management society, has announced Mary Roth, chief executive officer, will retire following the RIMS 2022 Annual Conference...

 
 
 

SEC SPAC NOTICE PROMPTS IGI TO REVISE FINANCIAL STATEMENTS ON WARRANTS

International General Insurance Holdings Ltd. said it will file restated consolidated financial statements for 2020 and amend previously...

AM BEST ASSIGNS CREDIT RATINGS TO SEGUROS E INVERSIONES S.A

AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of “bbb+” to Seguros e Inversiones S.A.....

 
 
 

AON: US CARRIERS COULD SEE $20 BILLION IN SEVERE STORM LOSSES FOR THIRD STRAIGHT YEAR

Severe weather insured losses are on track to exceed $20 billion in the United States for the third consecutive year, according to...

REGULATORS ALLEGE INSURANCE AUSTRALIA FAILED TO DELIVER $44.5 MILLION IN PROMISED DISCOUNTS

Australian regulators allege Insurance Australia Ltd. extended and then failed to honor A$60 million worth of renewal discount promises...

 
 
 



China still has room for some stimulus if needed, says economist

Tian Zhu from the China Europe International Business School discusses policy options for China's central bank in the wake of problems in the property market, which he says is... Read more ...

Maritime recruitment platform Seafair gets $5.7M led by General Catalyst

The people who work on shipping vessels are vital to world trade, but they still experience a lot of arcane hiring processes. Many lack transparency about important things like... Read more ...

‘Queens' Features Beats, Bickering, And Female Empowerment, As Eve And...

The show, which which follows four women in their 40s who are estranged but decide to get back together, hoping to recapture the fame they enjoyed in the '90s comes from Zahir... Read more ...

Lawyers for Donald Trump claim he never defamed Summer Zervos, who accused...

In this combination photo, President Donald Trump, left, listens during a meeting at the White House, on March 13, 2017 in Washington and Summer Zervos, a former contestant on... Read more ...

Samus Aran chooses not to speak in Metroid Dread, and that makes all the...

Samus Aran chooses not to speak in Metroid Dread, and that makes all the difference

Samus Aran conveys so much more about herself and her games through her silence and her expressive body language. Read more ...

MGM: More than 98% of salaried workers complied with vaccine mandate

MGM CEO Bill Hornbuckle said Monday that just 90 out of more than 6,000 workers affected by the company's mandatory vaccine policy quit rather than get the COVID-19 vaccine. Read more ...

At least 5 Capitol riot defendants are representing themselves, including...

Brandon Fellows in the US Capitol on January 6. Fellows is representing himself. The US Department of Justice. At least five Capitol riot defendants are representing... Read more ...

Is The New Futures-Based Bitcoin ETF Really An ‘Inferior' Product?

One MarketWatch article voiced concerns that a futures-based bitcoin ETF is "inferior" to a spot ETF. Is this claim accurate? Several market analysts offer their point of view. Read more ...

Tuesday: Housing Starts

From Matthew Graham at Mortgage News Daily: Highest Rates in Months Mortgage rates had a mixed showing last week. They started out high before improving through Thursday... Read more ...

The Inflation Rate Formula & How to Calculate It

The Inflation Rate Formula & How to Calculate It

You might've heard your grandparents talk about how the prices of goods and services used to be way cheaper, and you might have imagined how great it would've been to pay 5... Read more ...