Redesigned reinsurance scheme has seen more than £500m of terrorism risk returned to the private market in 2025, Pool Re… Related Stories Marine insurers to debate port of refuge controversy at Global Salvage & Wreck Forum Britannia and Japan Club join rate hike trend with 5% increase Former Kentro CEO Thompson launches Sodalis
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American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former employer,” the company said in a filing Friday. AIG withdrew its employment offer to Neal,
AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus Read More »
The White House recently announced a landmark deal with pharmaceutical companies Eli Lilly and Nordisk that will impact Medicare beneficiaries and others in the coming months. The agreement cuts prices for GLP-1 receptor agonists, such as Ozempic and Wegovy, while expanding Medicare coverage for these weight-loss medications. The news is a turnaround from a Trump
When you rent a car, the company almost always offers supplemental coverage that costs extra. When you get to that stage of the booking process, you’re probably wondering if it would be irresponsible of you to decline to save a few bucks. The good news is that the answer is probably no. Most people can
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The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could rapidly represent billions in new premium a year, the consortium will target excess layers in construction risk where there
Fidelis Launches Construction Consortium to Cover AI Data Centers Read More »
Key Takeaways Medicare and Medicaid will cover drugs used for weight loss for the first time, offering Wegovy, Zepbound, Monjauro, and Ozempic for $50 a month co-pays. The White House negotiated lower prices from Eli Lilly and Novo Nordisk, which list sticker prices of the drugs for $1,000 a month or more. A new website,
Medicare to Cover GLP-1 Drugs for as Little as $50 a Month Under Trump Plan Read More »
Massachusetts Governor Maura Healey said Thursday the state had ordered insurers to cover vaccines backed by its health department, even if the U.S. Centers for Disease Control and Prevention issue narrower recommendations. Insurers would no longer rely solely on CDC recommendations, Healey said, making Massachusetts the first U.S. state to guarantee insurance coverage for state-backed
Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support Read More »
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM Re and is triggered by the highest-resolution regional shaking data available globally, provided by Safehub. At the core of this product is
Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover Read More »