AIG announces Don Bailey’s retirement, promotes execs
American International Group announced Friday that Don Bailey would retire as CEO of North America commercial insurance at year-end and promoted three executives as it changed the leadership structure for the division.
Senate confirms new leader of OSHA
The Senate on Friday confirmed David Keeling as the new leader of the Occupational Safety and Health Administration, as part of a resolution including more than 100 other nominations made under the Trump administration.
Nearly all commercial lines are in a soft market: Willis
Willis Towers Watson said Friday that nearly all commercial insurance lines – aside from excess casualty – are in a soft market, creating favorable conditions for buyers.
Iowa Supreme Court: Disability should be calculated based on function
In accordance with existing state law, the Iowa Supreme Court ruled Friday that a worker’s partial permanent disability benefits should be based on functionality, not lost earning capacity.
Aon names segment leader in Reinsurance Solutions
Aon said Friday it named Nick Nudo U.S. casualty segment leader for Reinsurance Solutions.
Wisconsin considers exclusive remedy exception for abusive environments
A bill in Wisconsin would create an exception to workers compensation’s exclusive remedy for employees who have been subjected to abusive work environments.
Get your travel insurance squared away
Citing the government shutdown, hurricane threats, airline strikes and staffing shortages, travelers this fall — needing a break from the chaos, perhaps? — face more travel-related disruptions, according to travel insurance comparison site Squaremouth.
Willis sues Howden over Lombardo hire
Willis Towers Watson sued rival Howden U.S. and former Willis executive Danielle Lombardo on Thursday, alleging she unlawfully took “millions of dollars” in business with her when she joined Howden last month.
Willis, Swiss Re launch forecast-triggered insurance
U.K.-based Willis Towers Watson plc has partnered with Swiss Re Corporate Solutions of Switzerland to launch a parametric insurance policy that pays out when red weather warnings are issued by the U.K. Met Office or Met Éireann in Ireland, Artemis reported. Unlike traditional policies, the coverage is triggered by the forecast itself rather than resulting […]
Asahi ransomware threatens Japan’s favorite beer supply
A ransomware attack that has halted most of Japan-based Asahi Group Holdings Ltd.’s operations at its 30 domestic breweries, has left the country just days away from running out of its best-selling Super Dry beer, Ars Technica reported. The attack disabled ordering and delivery systems and Asahi has indefinitely postponed the launch of eight new […]
Dual UK lands five-year deal with Zurich, Liberty
Dual U.K. has secured a five-year capacity agreement with Switzerland-based Zurich Insurance Group AG and U.S.-based Liberty Specialty Markets, along with other providers, Global Reinsurance reported. The deal will support Dual’s new regional commercial combined product targeting U.K. businesses outside London. The product will be distributed through selected brokers and offers modular, tailored coverage.
Insurers face demand for generative AI protection: GA
More than 90% of businesses worldwide are interested in insurance for risks tied to generative artificial intelligence, with two-thirds willing to pay higher premiums, according to the Switzerland-based Geneva Association, Reinsurance News reported. A survey of 600 companies found strong demand from larger firms, tech-heavy industries and companies with prior AI-related failures, with cyber security […]
Howden widens renewable energy coverage across U.K.
U.K.-based Howden Group Holdings Ltd. has expanded its renewable energy quote-and-bind facility across its U.K. retail network after piloting it in Scotland, Continuity Insurance & Risk Magazine reported. Backed by London-based Aviva plc and accredited by Lloyd’s of London, the platform offers up to 150 million British pounds ($202 million) capacity per declaration with pre-agreed […]
Asia, Europe look to loosen insurance rules to boost growth
To encourage insurance industry growth regulators in Asia and Europe are easing insurance rules on capital requirements and investment flexibility, according to Fitch Ratings, Insurance Asia reported. Australia is proposing to reduce capital charges for improved asset-liability matching, while China has cut equity investment charges by 10% to channel more capital into companies. The European […]
Executives brace for power-driven supply chain crisis
Nearly 90% of global executives said they experienced energy-related disruptions in the past year, and 83% believe power reliability will trigger the next major supply chain crisis, according to U.S.-based industrial real estate company Prologis Inc., Yahoo Finance reports, citing CFO Dive. The survey of 1,816 global executives found most expect facility power requirements to […]
The BI Top 10 for the week of Sept. 29, 2025
A story on Arthur J. Gallagher & Co. suing two former producers who left to start their own firm was our most popular in the past week.
Liberty Mutual rolls out global cyber cover
U.S.-based Liberty Mutual Insurance Group Inc. has launched a global cyber product suite offering tailored coverage and incident response for businesses worldwide, Reinsurance News reported. Features include coverage for executive personal losses, risks tied to generative artificial intelligence and quantum computing, and first-party property damage.
Cannabis drug beats opioids for lower back pain in 2 trials
An experimental cannabis-derived medication was safer and more effective than placebo and opioids for treating chronic lower back pain in two late-stage trials, researchers said.
White Mountains to sell Bamboo to private equity
White Mountains Insurance said on Friday it would sell a controlling interest in insurance distribution platform Bamboo to European private equity firm CVC in a deal that values the company at $1.75 billion.
Asahi beers running out in Japan as cyberattack shutdown lingers
Japanese restaurants, bars and stores are running low on beer and other beverages from industry leader Asahi Group as the impact from a cyberattack entered a fifth day on Friday, with no resolution in sight.