Swiss Re is one of two pioneers to have a digital product tested and successfully certified by the Digital Trust Label, the first-ever label for digital responsibility launched by the Swiss Digital Initiative. With the Swiss Digital Trust Label users can easily identify trustworthy digital services, and providers of digital services can now declare their… Continue reading Swiss Re One of Two Pioneers to Receive the Digital Trust Label
Author: Farkas Laura
Alliant Sr. VP Karen Caterino Appointed to Nevada Division of Insurance Agent Advisory Council
Alliant Insurance Services is proud to announce that Karen Caterino, Senior Vice President, Alliant, has been appointed to serve as a member of the Nevada Division of Insurance Agent Advisory Council. Caterino was selected by Nevada’s Insurance Commissioner, Barbara Richardson, as one of 15 Nevada appointees to the 2022-2023 Council. “I am honored to serve… Continue reading Alliant Sr. VP Karen Caterino Appointed to Nevada Division of Insurance Agent Advisory Council
New Deloitte Research Highlights Increasing Business Concern Over Climate Change
Deloitte’s 2022 CxO Sustainability Report: The Disconnect Between Ambition and Impact, reveals that global C-level business leaders (or CxOs) are increasingly concerned about climate change and see the world at a tipping point to act. Eighty-nine percent of CxOs agree there’s a climate crisis and 63% say their organizations are very concerned. Yet, they are… Continue reading New Deloitte Research Highlights Increasing Business Concern Over Climate Change
U.S. Safety Firm Withdraws Certification for Two Oil Tankers Over Iran Sanctions
According to documents obtained by Reuters, two tankers had their environmental and safety certification revoked by a U.S. company that provides such certification, following accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil. Countries targeted by tougher US sanctions, such as Iran and Venezuela, have responded with elaborate strategies to… Continue reading U.S. Safety Firm Withdraws Certification for Two Oil Tankers Over Iran Sanctions
Airbnb to Offer Travel Insurance This Spring
Airbnb understands that you may be hesitant to book a stay while the COVID-19 pandemic makes travel risky, so it is planning to provide some protection of its own. The home rental company has announced that it will begin offering customized travel insurance to guests this spring. While the terms are not yet available, Airbnb… Continue reading Airbnb to Offer Travel Insurance This Spring
AIG and Chubb Cutting Back on Insuring Multimillion-Dollar Homes in Wildfire-Prone Areas in California
Concerned about wildfire risk and frustrated by state regulations, insurers in California have reduced their homeowner business. Affluent homeowners are now feeling the brunt of the pain, as two of the largest companies providing protection for multimillion-dollar properties discontinue coverage for some customers. American International Group Inc. (AIG) percent will begin notifying approximately 9,000 customers… Continue reading AIG and Chubb Cutting Back on Insuring Multimillion-Dollar Homes in Wildfire-Prone Areas in California
U.S. Employers Boosting 2022 Pay Raises Again, WTW Survey Finds
Fueled by tight labor markets, U.S. employers are boosting their original salary increase projections for 2022 as the Great Resignation shows no signs of abating. That’s according to a new survey by WTW, a leading global advisory, broking and solutions company. The survey of 1,004 U.S. companies, conducted during October and November 2021, found nearly… Continue reading U.S. Employers Boosting 2022 Pay Raises Again, WTW Survey Finds
MultiFamily Property MGA Honeycomb Insurance Raises $15.4 Million
Israeli insurance startup Honeycomb Insurance has raised $15.4 million in a Series A funding round led by Ibex Investors. Phoenix Insurance Company, Distributed Ventures, IT-Farm, Sure Ventures, and SiriusPoint also participated in the round. Honeycomb, formerly Agilius, was established in 2019 to reinvent real estate insurance. The MGA is targeting COAs, HOAs, building owners, property… Continue reading MultiFamily Property MGA Honeycomb Insurance Raises $15.4 Million
Travelers Posts Earnings Growth on Surging Premium Volume
Travelers Cos. reported a 2% increase in fourth-quarter net income to set a new company record, with strong growth in premium volume contrasting with a year-earlier period that was hard hit by the Covid-19 pandemic’s economic disruptions. Travelers, one of the nation’s largest sellers of business insurance and a top consumer-car insurer, reported a net… Continue reading Travelers Posts Earnings Growth on Surging Premium Volume
January 2022 Reinsurance Renewals Mixed on Price Changes
At the January 2022 renewals, the reinsurance market provided a mixed picture. Only the lines of business with the highest losses in 2021 saw significant price increases. Loss-free lines of business attracted more capital, causing prices to remain stable or fall. Fitch Ratings expects risk-adjusted prices to rise by around 1% across all segments in… Continue reading January 2022 Reinsurance Renewals Mixed on Price Changes