NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing the impact of weather events and the sale of its asset management arm. Operating profit came in at 983 million …
Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate change lawsuits brought by local governments in Honolulu …
Federal and state appeals courts in two Southeastern states have ruled against pandemic-affected businesses, adding to the list of decisions that have found that insurance policies cover only physical damages. In South Carolina, the state Supreme Court this week became …
The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. “This model law establishes clear rules for the sale of pet insurance and provides important …
The Federal Trade Commission is seeking public feedback on a proposed rulemaking to limit what it’s dubbed “commercial surveillance” by businesses that sell or share information collected about people, with potential new powers to levy fines for data protection violations. …
With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the …
The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change. Funding for the Building Resilient Infrastructure and …
Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for 24.3% of top …
Authorities worked Thursday to determine the cause of a house explosion in a southern Indiana neighborhood that killed three people and left another person hospitalized. The explosion Wednesday afternoon in Evansville damaged 39 homes and crews had not yet completed …
Ocean International Reinsurance Co. Ltd. (Ocean Re), a Barbados-based reinsurer, announced it has acquired Oceva Risk Solutions Ltd., a London appointed representative that sources reinsurance, insurance, fronting and risk transfer business from the UK, Europe and internationally for the group. …