Chubb
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The memo notes if an employee under Chubb's medical plan needs a procedure that must be performed more than 100 miles from their home, the carrier will cover it. -
The carrier also moved Lauren Gillette to lead its North America A&H division.
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Greenberg said Chubb will not set a net-zero timeframe until the carrier finds out how to monitor the reduction of carbon footprint in its underwriting portfolio.
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Excessive litigation costs and continued losses threaten the Sunshine state’s market.
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Leigh Anne Sherman has been working as division president of ESIS, a Chubb company.
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First Connect will offer a cyber protection insurance product underwritten by BlinkSM.
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Shareholders approved a second proposal asking for a report detailing how Chubb is addressing greenhouse gas emissions.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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Inside P&C’s news team canters through the week’s key developments.
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The carrier split its specialty composite treaty into two contracts to get its program home.
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The firm reported strong quarterly earnings, with a core operating ROE of 11.3%, but margin improvement will depend on loss cost trends and broader economic forces.
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