Aon plc today reported results for the three months ended March 31, 2024.
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Net Zero Panel Replaced by UN’s Forum for Insurance Transition to Net Zero
The United Nations has convened a new forum to drive progress on the insurance industry’s transition to net-zero carbon emissions after a number of carriers withdrew from an earlier incarnation amid opposition from U.S. politicians.
Coalition Finds More Than Half of Cyber Insurance Claims Originate in the Email Inbox
A report by Coalition found that more than half (56%) of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management.
Aon Completes Acquisition of NFP to Bring More Capability to Clients
Aon, a leading global professional services firm, announced today that it has completed the acquisition of NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor.
WTW Reports First Quarter 2024 Earnings
WTW, a leading global advisory, broking and solutions company, today announced financial results for the first quarter ended March 31, 2024.
Great American Insurance Group Announces Dedicated Team to Expand its Embedded Insurance Offerings
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.
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.