A rare national spotlight on one of the top concerns on the minds of Floridians. On Wednesday, the U.S. Senate Budget Committee debated the cause of the insurance crisis plaguing homeowners around the country.
Category: Show on Homepage
Chicago Fed Warns of ‘Fire Sale’ Risk After Life Insurers Load Up on Private Debt
U.S. life insurers are piling into higher-returning but illiquid and opaque privately placed debt, raising concerns about what happens should they suddenly need to sell the securities.
AM Best Director Highlights Importance of Stress Testing in Rating Process
Robert Raber, director of criteria, AM Best, said stress testing involves subjecting rated entities to various scenarios that could affect their balance sheet strength or enterprise risk management to assess their ability to respond
Chubb to Acquire General Aviation Insurance Specialist in Australia
Chubb announced a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-based managing general agent that specializes in general aviation insurance for the Australia market.
CNA Announces Executive Leadership Transition
CNA Financial Corporation announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025
Gallagher Specialty Launches New Carbon Insurance Solutions Service
Gallagher Specialty has launched a new carbon insurance solutions service for its clients which will reportedly enable them to mitigate risks associated with de-carbonization initiatives.
Moody’s Changes Outlook of Personal Lines Insurance Sector to Stable
Moody’s has changed the outlook for the US property & casualty (P&C) personal insurance sector to stable from negative, reflecting continued improvement in underwriting results.
Nine Life Insurance Trade Groups File Lawsuit to Block Department of Labor Fiduciary Rule
Nine life insurance trade groups filed a joint lawsuit against the U.S. Department of Labor to overturn its fiduciary rule, which they contend would reduce consumers’ access to retirement investment advice.
The $21 Billion Lawsuit that Could Break the NFL
The case that could prove to be one of the most explosive lawsuits in the history of American sports didn’t start out looking like a blockbuster.
Judge Cuts Bayer $2.25 Billion Roundup Verdict to $400 Million
A Pennsylvania judge on Tuesday slashed a $2.25 billion U.S. verdict against Bayer to $400 million for a Pennsylvania man who said he developed cancer from exposure to the company’s Roundup weedkiller.