“Over the next three years, Allianz expects to generate €12 billion of excess capital through its operational plans. Providing a solid base for these targets is healthy underlying growth in all business segments and encouraging progress in their transformation to meet future needs.” In property & casualty, Allianz said the […]
Business Insurance
Cyber insurance is projected to grow because it has been largely profitable for insurers and is seen as insurable by reinsurers, even as ransomware attacks accelerate, panelists said Thursday at the Insurance Information Institute’s Joint Industry Forum 2021 in New York. They also suggested that the federal government play a […]
When Ana Maria Moreno decided to leave her career in social work to start a home-based business last year, she found herself facing a daunting to-do list that included everything from logo design to marketing strategy to customer outreach. The Calgary woman — who runs her business out of her […]
The deductible on a commercial car business insurance policy works the same as it does for personal auto insurance. The deductible is the amount you’ll pay when there’s a claim on your policy. Consider the deductible the “self-insured” part of the policy, where you are responsible for paying for a […]
“The main conclusion that I draw from the report,” she said, “is that this is a call to action for carriers to assess the cyber risk in non-affirmative policies – to quantify that risk, and then to underwrite and price it accordingly, and then to apply good portfolio management and […]
(Reuters) — A federal jury Tuesday found that pharmacy chain operators CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. helped fuel an opioid epidemic in two Ohio counties, in the first trial the companies have faced over the U.S. drug crisis. After six days of deliberations, jurors in […]