Climate Change effects - Hands - globe - world

Insurance companies to feel climate change effects most, but aren’t investing that way

Insurers will be hit hardest by rising global temperatures, but their investments aren’t low-carbon. The insurance industry will feel climate change effects more powerfully than…

forest fire California wildfire loss

California Department of Insurance estimates suggest $1.05 billion in wildfire damage

Official estimates indicate that the devastating wildfires that plague the state will create billion dollar losses. The California Department of Insurance has released an estimate…

hurricane harvey damage global insurance and reinsurance

2017 catastrophes will send global insurance and reinsurance losses over $100 billion

Fitch forecasts showed that this could be a record year for losses and they could be as great as $190 billion. Catastrophe global insurance and…

insurance executive positions

Insurance executive positions lack diversity, but the industry wants change

Sedgwick’s chief people officer pointed out that company leaders are “all white men over 40.” Terri Browne, chief people officer at Sedgwick, a worldwide leading…

AIG Insurance company CEO - Building in Manhattan

AIG insurance company CEO steps down following huge loss

Peter Hancock has opted to leave his current position with the insurer following a tremendous loss. It has been only three weeks since the report…

Insurance Industry Giants - Metlife Building New York

Will insurance industry giants continue to be “too big to fail”?

A new memo is currently circulating to propose legislation removing that status from massive insurers. Representative Jeb Hensarling (R-Texas) is circulating a memo to remove…

Hurricane Matthew national flood insurance program

Hurricane Matthew damage won’t be too much for insurance companies

Insurers have said they’re prepared for claims payments regardless of what the storm brings. The Hurricane Matthew damage that may be left behind by the…