Zurich Insurance Group on Wednesday announced its ambitious financial targets for the next three years, as insurers benefit from rising premium rates.
Author: Annie George
Chubb Introduces Third Generation of Fiduciary Solutions for Multiemployer Plans
Chubb has introduced the Multiemployer Plan Fiduciary Liability Policy, designed to address the unique needs of multiemployer and multiple employer benefit plans, including Taft-Hartley funds.
Private Flood Insurers Gain Traction, As Fewer Homeowners Opt for Coverage through the NFIP
Only 30% of Florida residents have National Flood Insurance Program coverage while private carriers increased their total flood insurance premiums by more than 40% to surpass the $1 billion mark in 2021.
Organic Growth Decelerates for Agents, Brokers
Organic growth among agents and brokers fell for the first time in nearly two years in the third quarter of 2022.
SEC Had a Record Year for Enforcement Actions
Under the leadership of Chair Gary Gensler, the Securities and Exchange Commission (SEC) increased its enforcement efforts in the previous fiscal year, focusing on prosecuting high-profile cases and imposing harsh penalties for misconduct.
Members of a Florida HOA Accused of Stealing $2 Million
A multimillion-dollar fraud scheme has been charged against the leaders of Florida’s largest homeowners association.
Countdown: The Rising Cost of Climate Disasters
According to insurers and risk modeling experts, climate change has increased the cost of natural disasters by increasing the frequency and severity of flooding and wildfires.
Some Firms Are Boosting Their Credit Lines as Insurance Against Recession
Some companies are preemptively securing additional borrowing capacity to have on tap should the economy slide into recession
Westfield Specialty Names Executive Vice President, CFO
Westfield, a leading property and casualty insurance company in the United States, today announces that Robert Looney will be joining the company as Executive Vice President and Chief Financial Officer.
Cyber Insurance Market Begins to Stabilize
The market for cyber insurance, according to observers, has begun to stabilize after a surge in ransomware attacks in recent years pushed up premiums dramatically.