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Yellen calls out US de-insurance as climate-related exits continue
31 July 2023Need to understand how to narrow protection gap, US Treasury Secretary says
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Aon set for possible legal action over Vesttoo collateral investigation
31 July 2023The firm stressed it had "meritorious defences" in response to the allegations
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Fidelis MGU sets 2030 decarbonisation target for underwriting portfolio
31 July 2023The development is a step towards its 2050 net-zero insurance-associated emissions target
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Insurers face difficulties in modelling potential Atlantic currents collapse
28 July 2023Aon and climate expert Tom Mortlock highlighted the importance of climate tipping points in stress testing
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Axa develops generative AI tool for employees
28 July 2023Axa Secure GPT is an internal service built on Microsoft's Azure OpenAI Service
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European insurers back EU Green Claims Directive but call for greater clarity
28 July 2023Insurance Europe has expressed three main concerns
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Insurer wins case in $80m bitcoin theft
28 July 2023Nationwide Mutual will not have to pay legal bills for crypto thieves
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Generative AI spread will take longer than breathless rhetoric suggests, says Chubb CEO
27 July 2023Chubb is scaling AI use for its business, predicts it is inevitable for modern insurer
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UK GAAP could be aligned with IFRS 17 by the early 2030s
27 July 2023BDO's Mark Spencer says firms can begin preparing now for change in accounting standard
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Liberty Mutual becomes latest insurer to jump ship in California
27 July 2023Cites escalating costs as insurers battle with climate change impacts