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Insurance Day

Articles for 17 May 2024

Daily Digest: Louisiana abandons three-year rule, Lloyd’s launches transition risk code, Scor reports dip in Q1 profit

Catch up on the essential news and analysis from the Insurance Day experts
Online Published Date: 2024-05-17T18:40:09

Legal Focus: UK reforms have contributed to significant reduction in whiplash claims

The Civil Liability Act 2018 and the Whiplash Injury Regulations 2021 have helped shape the claims landscape for the better
Online Published Date: 2024-05-17T17:40:16

Lloyd’s creates risk code for transition business

Insurance is a crucial part of developing new green technologies, the corporation’s chief underwriting officer says
Online Published Date: 2024-05-17T16:40:14

Researchers warn Canadian flood insurance scheme must reduce risk

Federal government wants to launch scheme for subsidies and reinsurance by next year, as policymakers urged to deny rebuilding aid where flood danger is high
Online Published Date: 2024-05-17T15:40:11

Louisiana abandons rule hated by insurers – but will carriers return?

Insurers welcome end of three-year rule, but hurricane risk may keep prices high
Online Published Date: 2024-05-17T14:40:11

Zurich Malaysia highlights takaful for climate-vulnerable communities

Islamic insurance can enhance financial resilience to impacts of climate change, the chief executive of Zurich General Takaful Malaysia Berhad says
Online Published Date: 2024-05-17T14:40:11

Beazley names Aon's Carmichael as head of US cyber

Carmichael succeeds Patricia Kocsondy at the specialty carrier
Online Published Date: 2024-05-17T10:40:09

Canadian vehicle theft claims hit record C$1.55bn in 2023

Claims count also established a new annual record of 49,679
Online Published Date: 2024-05-17T09:40:11

Allstate tallies $494m in April catastrophe losses

Total includes $491m in losses from 11 events in April
Online Published Date: 2024-05-17T09:40:10

AIG to sell 20% stake in Corebridge to Nippon Life

The sale is part of  AIG's strategy to divest itself of life-and-retirement operations to focus on its general insurance business
Online Published Date: 2024-05-17T09:40:10

Scor profit dips in Q1 as underwriting result falls short

Paris-based reinsurer misses consensus expectations as combined ratio deteriorates to 87.1%
Online Published Date: 2024-05-17T09:40:10

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