LONDON — Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the biggest loss related to extreme cold in the United States in February, insurance broker Aon said on Wednesday. …
WASHINGTON — The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping insurance broker Aon’s $30 billion acquisition of Willis Towers Watson because it would reduce competition and could lead to higher prices. The deal would combine the …
US insurers suffered record-breaking winter storm losses during the first quarter of 2021 while also grappling with several high-profile cyberattacks, according to a report released Thursday by Aon. Maybe claims departments are becoming a little testy. Aon’s quarterly Global Market …
Property and casualty insurer Chubb Ltd on Thursday offered to acquire smaller rival Hartford Financial Services Group Inc in a $23.24 billion cash-and-stock deal. Chubb’s $65 per share offer represents a premium of 13.2% to Hartford’s last close of $57.41. …
Aon Teams Up With Praedicat for Emerging Risks Aon is collaborating with Praedicat to develop specialty product liability reinsurance products for emerging risks created by new technology, such as nanomaterials and 5G cellular service. Aon, a Chicago based brokerage and …
In case you forgot, the year that just passed brought an unprecedented number of catastrophes — not to mention COVID-19. Three insurance industry reports issued this week chronicle just how bad 2020 was for property insurers. CoreLogic released a chronology …
Ontellus Acquires Medical Records Canvassers Ontellus, a nationwide provider of claims related data for insurers, has acquired two medical records canvassing companies: MasterTrace and Intertel. All three companies provide insurance companies with data they need to investigate bodily injury claims …
Zesty.ai, a California insurtech start-up, is hoping to fine-tune fire-risk scores that sometimes can make it challenging for homeowners to find coverage. Marketing Director Nick Allain said the company wants to help insurers who might otherwise overlook fire-resistant structures that …
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed to have developed a vaccine for COVID-19. There are …
As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: Cyberattacks. Aon on Friday issued an advisory cautioning employers to take steps to ensure that work-from-home …