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Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, chaired by Lloyd’s.
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Senate Bill 11 was passed by the Committee on Insurance on Thursday.
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The cost of future claims will rise unpredictably as inflation bites, the reinsurance broker warns in a report.
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“We are not about to let [the] delay…compromise the deal”, says Latham & Watkins lawyer Dan Wall.
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The company is reducing the limits it offers to $5mn, non-renewing accounts with more than $100mn in revenues, and only quoting new business for accounts with less than $10mn in revenue.
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Workers’ compensation InsurTech Foresight is on track to underwrite more than $50mn in annual gross premiums by the end of 2021, co-founder and CEO David Fontain has told Inside P&C.
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Anthony Kashuba and Steven Robinson join the team with lengthy experience in underwriting across the industry.
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Universal Fire & Casualty Insurance Company said it is now accepting a variety of cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
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Massive search and rescue is underway in the rubble of one wing of the 12-storey tower.
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Frederick Streeton will join in September from Liberty Mutual Group, where he was head of underwriting strategy for the its global risk solutions business.
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Experts discussed the increasing importance of ESG to insurers at a Reuters Future of Insurance roundtable.
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However, he added that solving cyber risk did not mean solving cyber security.
