Munich Re posted a profit of €2,932m (1,211m) in the 2021 financial year, thus exceeding its profit target of €2.8bn. The Group’s profit in Q4 2021 amounted to €871m (212m). Gross premiums written in 2021 increased by 8.5% year on year to €59,567m (54,890m), which is the highest figure in the history of Munich Re.… Continue reading Munich Re Surpasses Profit Target
Author: Farkas Laura
U.S. Coastline to See Up to a Foot of Sea Level Rise by 2050
The United States is expected to experience as much sea level rise by the year 2050 as it witnessed in the previous hundred years. That’s according to a NOAA-led report updating sea level rise decision-support information for the U.S. released today in partnership with half a dozen other federal agencies. The Sea Level Rise Technical… Continue reading U.S. Coastline to See Up to a Foot of Sea Level Rise by 2050
Ford, State Farm Partner for Car Insurance Program
Tesla is not the only automaker that will provide auto insurance to its customers. Ford has entered the insurance market through a collaboration with State Farm. Drive Safe & Save Connected Car is the name of the insurance program. It is only available to Ford and Lincoln owners and, at the time of launch, only… Continue reading Ford, State Farm Partner for Car Insurance Program
Thousands of Employees for Hartford-Based Companies to Return to the Office
Businesses in downtown Hartford received some exciting news Friday as Travelers Insurance and The Hartford have announced that their employees are heading back to the office in just a matter of weeks. One downtown restaurant owner says these workers have been missed and they are ready for them. “It means a ton to the businesses… Continue reading Thousands of Employees for Hartford-Based Companies to Return to the Office
U.S. Women’s Soccer Players, U.S. Soccer Federation Reach $24 Million Equal Pay Settlement
The U.S. Soccer Federation and dozens of members of the U.S. women’s national team who sued it for gender discrimination have reached a $24 million settlement agreement that promises to end one of the most prominent pay cases in sports history. The proposed deal calls for U.S. Soccer to pay $22 million to the class,… Continue reading U.S. Women’s Soccer Players, U.S. Soccer Federation Reach $24 Million Equal Pay Settlement
Insurance Agency Networks in the U.S. Control $66B in Premium
The only trade group that focuses on Insurance Agency Networks met last month in Fort Worth, TX for its 5th annual event. More than 240 individuals attended the Insurance Networks Alliance (INA) meeting to promote and support the critical role of insurance agency networks in the independent agent distribution channel. At that event the INA… Continue reading Insurance Agency Networks in the U.S. Control $66B in Premium
Meta’s Facebook to Pay $90 Million to Settle Privacy Lawsuit Over User Tracking
Facebook has agreed to pay $90 million to settle a decade-old privacy lawsuit in which it was accused of tracking users’ internet activity even after they logged out of the social media website. Last Monday night, a proposed preliminary settlement was filed with the United States District Court in San Jose, California, and must be… Continue reading Meta’s Facebook to Pay $90 Million to Settle Privacy Lawsuit Over User Tracking
UK Slashes Red Tape with Reforms to Insurance Sector Regulation
The UK will seize on its post-Brexit freedoms and unlock tens of billions of pounds of investment by slashing red tape through reforms to the regulation of the UK insurance sector, the Economic Secretary to the Treasury & City Minister said today. Speaking at the Association of British Insurers Annual Dinner this evening (Monday, February… Continue reading UK Slashes Red Tape with Reforms to Insurance Sector Regulation
Climate Change Catastrophe Report Estimates 1 in 10 U.S. Residential Properties Impacted by Natural Disasters in 2021
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its 2021 CoreLogic Climate Change Catastrophe Report, revealing over 14.5 million single- and multifamily homes were impacted by the largest natural catastrophe events of 2021, with an estimated $56.92 billion in property damage. This year’s report analyzed thirteen major hazard events of… Continue reading Climate Change Catastrophe Report Estimates 1 in 10 U.S. Residential Properties Impacted by Natural Disasters in 2021
Allianz Says Legal Bill for Investment-Fund Losses May Top $4 Billion
Allianz SE set aside more than $4 billion for legal expenses related to losses incurred by its investment funds during the March 2020 market panic as a result of bad options trades. The German financial behemoth said Thursday that the 3.7 billion euros in legal provisions, or $4.2 billion, were accounted for in its 2021… Continue reading Allianz Says Legal Bill for Investment-Fund Losses May Top $4 Billion