Aon Plc is investigating a “cyber incident” that the insurance brokerage said impacted a limited number of its systems. The incident, identified Friday, “has not had a significant impact” on operations at Aon, the world’s second-largest insurance brokerage, nor does the Dublin-based company expect it to, according to a regulatory filing Monday. “We remain focused… Continue reading Aon Discloses “Cyber Incident’ Amid Mounting Hack Concerns
Author: Farkas Laura
AIG Commits to Net Zero Greenhouse Gas Emissions Across Its Underwriting and Investment Portfolios by 2050
American International Group, Inc. today announced a commitment to achieve Net Zero greenhouse gas (GHG) emissions across its global underwriting and investment portfolios by 2050, or sooner. This new commitment complements AIG’s already announced commitment to achieve Net Zero GHG emissions by 2050, or sooner, within its own operations. “Leading change in a changing world… Continue reading AIG Commits to Net Zero Greenhouse Gas Emissions Across Its Underwriting and Investment Portfolios by 2050
U.S. Workers Give Employers High Marks for Supporting Them During the Pandemic
Despite having their workplaces turned upside down, a majority of U.S. workers give employers high marks for keeping them safe and supporting them during the two-year pandemic. Still, employees are polarized when it comes to workplace mask and vaccine mandates. While most are supportive, opposition to pandemic mandates is high among some employees. That’s according… Continue reading U.S. Workers Give Employers High Marks for Supporting Them During the Pandemic
The Hartford Ranks No. 1 in J.D. Power Property Claims Satisfaction Study
The Hartford ranked No. 11 in customer satisfaction with the property insurance claims experience in the J.D. Power 2022 U.S. Property Claims Satisfaction StudySM. The study measures customer experience with the home insurance claims process, from first notice of loss through the repair process and settlement. “We are proud to be recognized by J.D. Power… Continue reading The Hartford Ranks No. 1 in J.D. Power Property Claims Satisfaction Study
U.N. Panel: Impacts of Climate Change Now Severe and Widespread
Storms, heat waves, droughts, and other extreme weather events are occurring more frequently and with greater severity than experts predicted several years ago, causing serious health and economic consequences around the world, according to a panel of scientists convened by the United Nations in a new report released Monday. Climate experts described the report as… Continue reading U.N. Panel: Impacts of Climate Change Now Severe and Widespread
Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
Almost six months after Hurricane Ida lifted the roof off Brett Gabriel’s house, filling it with rain water, rebuilding feels nearly as out of reach as it did the day of the storm. Between gutting the mold-covered walls and replacing the waterlogged floors in his home about 45 miles southwest of New Orleans, it will… Continue reading Extreme Weather Makes Insurer Reimbursement Increasingly Challenging
Liberty Company Announces New Partnership with Strategic Insurance Services
The Liberty Company Insurance Brokers, LLC, a producer-focused, family-owned, and independent insurance services firm, is proud to announce a new partnership with Strategic Insurance Services of Clearwater, Florida. Founded in 2006 and led by Managing Partner and CEO, Doug Levi, Strategic Insurance manages client risks in the areas of business, property, home, auto, health, and… Continue reading Liberty Company Announces New Partnership with Strategic Insurance Services
Lemonade Shares 16% Lower as Insurer Reports 4Q Results, Higher Loss Ratio
Lemonade Inc. shares are down in late trading on Wednesday after the company released fourth-quarter results and said its gross loss ratio was 96 percent, up from 77 percent the previous quarter. Lemonade reported a fourth-quarter loss per share of $1.14 on revenue of $41 million after the bell. The company reported a loss per… Continue reading Lemonade Shares 16% Lower as Insurer Reports 4Q Results, Higher Loss Ratio
Economic Shocks From Ukraine Invasion Fallout to Pressure Global Insurance Industry: AM Best
AM Best believes that Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, particularly given the significant fallout in the capital markets and potential for widespread cyber attacks. In its Best’s Commentary, “Significant Implications of Ukraine Invasion on Global Insurance Industry,” AM Best notes that invasion has… Continue reading Economic Shocks From Ukraine Invasion Fallout to Pressure Global Insurance Industry: AM Best
New California Rules Aim to Lower Property Insurance Rates
California’s insurance commissioner announced new rules on Friday aimed at lowering premiums for people who make improvements to their property to resist wildfires. Ricardo Lara said the new rules will require insurance companies to factor property owners’ improvements into the pricing of residential and commercial coverage. He said the new rules could take effect this… Continue reading New California Rules Aim to Lower Property Insurance Rates