Reinsurance

At least 12 of the 13 members of the International Group of P&I Clubs have changed policies to exclude claims stemming from Russia's invasion of Ukraine.

In a new report, AM Best pointed to remaining questions about how law changes will affect reinsurance.

The bill represents the 'most extreme measures' ever taken by the state to tackle the property insurance crisis, a former state senator said.

A $1 million gift made the reinsurer a founding corporate sponsor of the Smithsonian American Women's History Museum.

State lawmakers will look at a "kitchen sink of options" to stabilize the market during a December special session.

The plan would allow insurers to direct more than £100 billion in investment into infrastructure and green energy, according to the Association of British Insurers.

"The good news is that insurance is already well-positioned to embrace change and attract young talent."

Munich Re anticipates taking a hit of $1.57B as a result of Hurricane Ian's damages.