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Author: Annie George

Companies Remake Supply Chains, But BI Insurance Protection A “Wafer-Thin Patchwork”

BI supply chain

COVID-19 caused a domino-effect to cascade through global production and logistics networks.

Published March 3, 2023
Categorized as Show on Homepage Tagged BI, business interruption, Covid-19, supply chain issues, WTW

IICF Media Roundtable Gathers Insurance Leaders for Discussions on Charitable Giving, Impact of Global Initiatives

IICF holds future of work reform

The 2022 IICF Philanthropic Showcase released detailing charitable giving across the insurance industry.

Published March 3, 2023
Categorized as Show on Homepage Tagged charity, IICF philanthropic showcare, insurance charity

Biden National Cyber Strategy Seeks to Hold Software Firms Liable for Lack of Security

Insurers on cyber insurance standardization

The Biden administration said it would pursue legislation to hold software companies accountable for selling technology that lacks cybersecurity safeguards.

Published March 2, 2023
Categorized as Show on Homepage Tagged cybersecurity, security liability, software companies liability

Transactional Risk Insurance Remains Critical Enabler in De-risking Deals in M&A Environment: Marsh

Mergers and acquisition

Marsh released a report which highlights the continued rise of transactional risk insurance as a mainstream feature of mergers and acquisitions (M&A) worldwide.

Published March 2, 2023
Categorized as Show on Homepage Tagged M&A insurance, Marsh, transactional risk insurance

Judges Nixes Shareholder Claims Against McDonald’s Directors

$80 million verdict against Zurich American

A Delaware judge dismissed claims against McDonald’s directors in a shareholder lawsuit challenging the handling of sexual harassment incident.

Published March 2, 2023
Categorized as Show on Homepage Tagged McDonald's lawsuit, sexual harassment McDonald's, shareholder lawsuit

Westfield Unveils MissionSafe® Safe Driving Rewards Program

driver data sharing

Westfield introduced MissionSafe®, a new safe driving rewards program that gives eligible personal auto insurance customers feedback on their driving.

Published March 2, 2023
Categorized as Show on Homepage Tagged auto insurance, driving feedback, MissionSafe, personal auto, safe driving, Westfield

Mile High Markets Refreshes Daily Auto Rental Insurance Program

Mile High Markets

 Mile High Markets has updated its daily rental insurance program with new insurance carriers and a new third-party claims administrator.

Published March 2, 2023
Categorized as Show on Homepage Tagged daily rental insurance program, Mile High Markets, TPA

Ryan Specialty Reports Net Income of $45.8M for 4Q 2022

Ryan Specialty

Ryan Specialty Group Holdings Inc. reported net income of $45.8 million in its fourth quarter.

Published March 2, 2023
Categorized as Show on Homepage Tagged 2022 results, Ryan Specialty Group income

Beazley FY22 Profit Declines; Gross Premiums Written Up 14%

Beazley on cyber premiums

Beazley Group PLC reported profit before tax in 2022 of $191.0 million compared to $369.2 million, last year.

Published March 2, 2023
Categorized as Show on Homepage Tagged Beazley 2022 results, Beazley net income

Reinsurance Renewal Market Hurdles to Overcome

Property/Casualty insurance
P&C underwriting performance improves except Person Lines

In this report, you’ll learn about the problems that the reinsurance renewal market faces, such as increasing competition around the world, customer needs and concerns, and a regulatory environment that is constantly changing.

Published March 1, 2023
Categorized as Show on Homepage Tagged reinsurance renewal outlook

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