Munich Re Raises 2026 Earnings Forecast to €6.6 Billion After Nine-Month Growth
Munich Re’s nine-month profit rose 10.1% to €5.7 billion, prompting a higher full-year forecast despite a 14.9% third-quarter decline.
Appeals Court Upholds $8.5 Million of First Solar’s Zurich Verdict
Broker Litigation and Falling Commercial Rates Lead Business Insurance’s Most-Read Stories
The Hartford Names Leaders for Construction Risk and Guaranteed Cost Businesses
John Watts and Joshua Janes will lead distinct construction businesses, overseeing strategy, underwriting, portfolio performance and growth.
New York Court Affirms Workers' Compensation Benefits in School Driver's Fatal Incident
A New York appellate court has upheld a ruling for workers' compensation and death benefits for a school bus driver, linking his fatal crash to work-related injuries.
Maryland Court Rules on Insurance Coverage Amid Abuse Allegations Against Boarding School
A federal judge has determined that Philadelphia Insurance must defend a Maryland boarding school in a sexual abuse lawsuit despite policy timing issues.
Insured Losses from Hurricane Isaias Estimated at $3.5 Billion by Moody’s RMS
Moody’s RMS projects insured losses from Hurricane Isaias at $3.5 billion, primarily from wind damage, with smaller contributions from flooding.
California Contractors Hit with $212,500 in Penalties Following Fatal Tunnel Incident
Two contractors face significant fines after a tunnel collapse in California resulted in one worker’s death and serious injuries to another.
Expedia Faces Lawsuit Over Allegations of Inflated Hotel Prices
A class-action lawsuit claims Expedia Group is inflating hotel rates by restricting pricing options for hotels, impacting travelers' costs significantly.
Travelers Reports Modest Earnings Growth Amid Stable Commercial Insurance Prices
Travelers' third-quarter earnings rose 2% due to steady commercial insurance pricing and increased investment income, despite higher catastrophe losses.
French Supermarkets Struggle with Uncovered Losses After Cyberattack
Recent cyberattacks on French supermarkets may result in millions of euros in uninsured losses due to outdated technology and policy exclusions.
Specialist Risk Group Opens Perth Office to Expand Australian Reach
Specialist Risk Group’s new Perth office extends its Australian presence and targets Western Australia’s energy, construction, agriculture and professional services sectors.
Specialty Insurers Navigate Uncertain AI Liability Landscape Without Exclusions
Specialty insurers are viewing AI risks as individual cases rather than blanket exclusions, prompting a market shift amid liability uncertainties.
Aon Appoints Chris Rafferty as Chief Integration Officer Amid Major Acquisition
Aon announces Chris Rafferty as chief integration officer, succeeding him with Steven Carleton as Chicago market leader, enhancing its strategic acquisition efforts.
Allianz Faces Legal Battle Over Igloo Cooler Injury Claims
A federal court ruled Allianz must defend Igloo against certain injury claims linked to cooler defects, despite some coverage exclusions.