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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
With a deadline of 2050, the pledge covers both WTW's business operations and discretionary investment portfolio.
In addition to protecting insurance agents, the SAFE Banking Act also makes it easier for banks to offer financial services to the cannabis industry.
The settlement will also free the insurer from any obligation stemming from policies issued to Boy Scouts of America or its local councils.
Aon will donate all revenue from the 2021 program to charities working to lessen the pandemic's human and economic impact.
The program will prioritize protection for workers from retaliation for complaining about unhealthy or unsafe working conditions.
Government programs, rising household numbers and adoption of insurance in emerging markets are expected to drive the sector.
Cannabis, COVID and severe wildfires are a few emerging risks developing into unique exposures for the insurance industry to consider.
Almost half of Americans are planning road trips but even more admit to being distracted by cellphones while driving.
The foundation noted that food insecurity continues to grow, with one in five U.S. households facing hunger issues.
The proposed deal, valued at approximately $23B, was driven by Chubb's hunger for small commercial, S&P Global commented.
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