Great American Insurance Group is pleased to announce the formation of a dedicated embedded insurance team. Building upon the company’s 20 years of experience offering embedded insurance products, the new team will streamline and simplify the distribution of these offerings.
Author: Annie George
Ariel Re and Hiscox Re Launch Cyber Catastrophe Consortium
Global reinsurer Ariel Re announced a new partnership with Hiscox Re & ILS, the reinsurance and insurance linked securities arm of specialist global insurer Hiscox and the launch of CyberShock, an industry-first cyber catastrophe consortium.
Florida’s Citizens Property Insurance Suffers Data Breach
Citizens Property Insurance Corp. suffered a data breach when a cyber actor hacked a system earlier in the year.
Amid CA Homeowner Insurance Crisis, Consumer Advocates and Industry Clash at Hearing
The fault lines running through California’s spiraling homeowners insurance crisis were on display Tuesday at a state hearing, where consumer advocates clashed with industry firms over a plan to allow insurers to use complex computer models to set premiums — a move state officials say will attract insurers to the market.
New EPA Emissions Rules Squeeze Coal Plants
The Biden administration on Thursday issued sweeping new rules that crack down on power-plant pollution and could force many of the country’s coal plants to shutter unless they undertake costly upgrades.
McKinsey Faces U.S. Criminal Probe Over Opioids Work, Sources Say
McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising OxyContin maker Purdue Pharma and other drugmakers.
FCC Will Start Regulating Internet Service Like a Public Utility
Net neutrality, a set of policies designed to prevent internet-service providers from playing favorites among the websites they carry, is coming back.
Insurance Pricing Continues to Moderate as Rates Decline in Most Regions: Marsh
Global commercial insurance rates increased by 1% in the first quarter of 2024 (down from a 2% increase in Q4 2023), according to the Global Insurance Market Index released today by Marsh,
New Federal Rule Would Bar ‘Noncompete’ Agreements for Most Employees, Chamber of Commerce to Sue
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court.
Chubb Posts First-Quarter Profit Hike as Property/Casualty, Life Earnings Rise
Chubb Ltd. posted higher first-quarter net income on higher income in both the life and property/casualty segments and a double-digit rise in net investment income.