Casualty
Insurers may avoid the potential turmoil of a Trump second term
While Donald Trump has pledged wide-ranging changes to US policy in areas such as trade and immigration, the insurance sector is not expected to see significant changes, including hoped-for tort reform, one conservative lobbyist argues
Austria's new law on class actions will have far-reaching implications
New law creates risk of mass litigation in an environment where customers have increasingly been turning to the courts
US commercial lines prices rise 6.1% in Q3: WTW
Most lines showed 'moderate to significant' price increases during the quarter, broker's Commercial Lines Insurance Pricing Survey finds
Talanx beats 2025 financial targets
German re/insurance group cites strong growth outside home market
The EU’s overhaul of product liability will affect UK insurers
The EU’s Product Liability Directive amounts to the most radical reform of the law governing product liability for more than 40 years
Casualty ‘weak spot’ could weigh on Lloyd’s profits in 2025: Moody’s
Specialist re/insurance market expected to maintain strong profitability next year but catastrophe losses and casualty claims are potential headwinds, rating agency warns
Winborn appointed president of Ryan Financial Lines
US wholesale broker and managing underwriter hires Themis Underwriting executive to drive division's retail and international operations
Re/insurers grapple with 'hard-to-predict' PFAS problem
PFAS could create a tidal wave of litigation, but not enough is known about the science and the law to say if these ‘forever chemicals’ are the next asbestos
D&O market to stay soft despite array of risks: Allianz
Rising number of lawsuits and bankruptcies and increased regulatory scrutiny unlikely to slow price decreases, insurer says
US property/casualty sector swings to 9M underwriting gain
Sector books underwriting profit of $4.1bn for the first nine months of 2024 compared with a year-earlier loss of $32.1bn, according to AM Best
Discount rate change is good news for the insurance industry
Insurers will need to consider carefully the impact of the higher personal injury discount rate on settlement strategies and premium pricing
Zurich closes $600m purchase of AIG's travel insurance business
Deal includes AIG's Travel Guard operation but excludes US group's travel insurance business in Japan and joint venture in India
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