On Thursday climate activists built a two-story mock oil derrick outside the NYC home of Chubb CEO Evan Greenberg in protest of the insurer’s climate record.
Author: Annie George
AXA XL Launches Underwriting Innovation Office in the Americas
AXA XL Insurance has launched an Underwriting Innovation Office in the Americas to drive innovation in support of business initiatives.
Workers’ Comp Generates Solid Profits, Future Remains Uncertain: AM Best
Inflation could disrupt the stable Workers’ Compensation insurance environment, according to a new report from AM Best.
Ten Years Later Property Owners Are Still Paying for Superstorm Sandy Damage
Sandy’s storm surge caused the superstorm to be one of the most expensive tropical cyclones to make landfall in the United States.
WTW 3Q Earnings Beat Estimates
WTW’s third-quarter earnings beat the Zacks Consensus Estimate.
Tesla Under Criminal Investigation over Self-Driving Claims
Tesla Inc is under criminal investigation in the United States for making claims that its electric vehicles can drive themselves.
Insurers Continue to Drive Meaningful Action in Refusing to Finance Oil and Gas
In the run-up to COP27, insurers appear to be the financial services sector driving meaningful action, as banks seek to refine their commitments as members of the Glasgow Financial Alliance for Net Zero (GFANZ) and Race to Zero coalitions.
3Q Global Commercial Lines Pricing Up 6%
Global commercial insurance prices increased 6% in the third quarter of 2022 (down from 9% in Q2), continuing a trend of moderating increases that began in Q1 2021, according to Marsh’s Global Insurance Market Index.
Chubb 3Q Profits Hit by Hurricane Ian Claims
Chubb reported $1.16 billion in catastrophe costs, including $975 million from Hurricane Ian, net of reinsurance. That was roughly in line with the previous year, which was also a difficult quarter for property insurers.
Damage from Ian to Florida Agriculture as High as $1.8 Billion
State officials so far peg damages to Florida’s agriculture from Hurricane Ian at up to $1.8 billion.