The World Economic Forum’s 2020 Global Risks Report makes clear that the interconnected risks of climate change are on the minds of business leaders as never before. Like so many citizens around the world, business leaders are becoming increasingly worried about trends they see accelerating in the global environment. From severe ...
February 13, 2020zurich
On December 20, 2019, after weeks of negotiations and debate, President Donald Trump signed into law omnibus legislation funding the government through next fall. Tucked away in the voluminous bill was four short paragraphs reauthorizing the Terrorism Risk Insurance Program for seven years. The Program, colloquially known as TRIA, is ...
January 17, 2020zurich
Last month, the House voted to reauthorize the Terrorism Risk Insurance Act (TRIA), which is set to expire on December 31, 2020. The bill also passed out of the Senate Banking, Housing, and Urban Affairs Committee and will head to the Senate floor for a full body vote before the ...
December 3, 2019zurich
Zurich North America recently hosted policymakers, industry experts, and other stakeholders on Capitol Hill for a discussion on the value of innovative educational options like apprenticeships. The Gallatin Forum event with the American Swiss Foundation, hosted by Congressman Donald Norcross (D-NJ-01), featured one of Zurich’s very own Construction Property Underwriter ...
November 19, 2019zurich
Zurich Advocacy Cybersecurity & Privacy Insurance: Recommendations, Resilience & Mitigation, and Issue Awareness
October is Cybersecurity Awareness Month, and recently I had the opportunity to host a roundtable discussion in Washington, DC with the U.S. Chamber of Commerce on the topic. The focus of the conversation was preparing businesses for and protecting them from potential cyber events. Our objective was to highlight the ...
October 24, 2019zurich
Recently, Zurich Advocacy had the opportunity to discuss infrastructure policy with the Bipartisan Policy Center’s Director of Corporate Governance and Finance Project, Michele Nellenbach. During the discussion, Michelle answered questions about infrastructure policy recommendations, innovation, resilience & mitigation, and issue awareness. United States infrastructure has a long road to travel ...
September 27, 2019zurich
Zurich North America CEO Kathleen Savio explains how business can be a platform for positive change in addressing critical, global issues such as climate change. She highlights affirmative steps that Zurich is taking to continue to reduce the company’s own carbon footprint. Businesses can be a strong platform to lead change. ...
July 10, 2019zurich
“Where Innovation Meets Regulation” was the theme of the National Association of Insurance Commissioners (NAIC) Insurance Summit held earlier this month. The Summit is a premier conference that brings together insurance regulators, companies and startups to explore the future of insurance regulation. There were more than 100 sessions following eight ...
June 25, 2019zurich
It’s April and the common joke is that death and taxes are the only two certainties in life. For a global company like Zurich, taxes are a big part of our business operations worldwide. We have a team of dedicated professionals who focus solely on our tax compliance and how ...
April 8, 2019zurich
Our fifth grade daughter recently asked me to review a homework project, which was vastly different than the homework I grew up doing. This project required her to develop a quiz online that participants could take by mobile device. After reviewing the project, she asked me to develop ...
March 14, 2019zurich
Have you ever ridden in an autonomous vehicle (AV)? If not – how comfortable would you be riding in one? According to Deloitte’s 2019 Global Automotive Consumer Study, the number of respondents in the U.S. who do not believe AVs will be safe has plateaued since 2018 (at 50%), but ...
February 28, 2019zurich
After months on a path paved with uncertainty, the fate of the 2018 Farm Bill has become clear and agricultural and nutrition policy is now set through 2023. The House and Senate passed the final version with strong, bipartisan votes, and it has been signed into law by President ...
December 20, 2018zurich
From wheat and cotton to soybeans and corn, the U.S. agriculture industry is working harder than ever to feed and clothe billions of people around the world. Through Zurich’s crop insurance business, Rural Community Insurance Services (RCIS), Zurich provides crop insurance — an essential risk management tool we aim to ...
March 20, 2018zurich
Kicking off the new year – traditionally a busy time for crop insurers and agents who are gearing up for the 2018 sales season – Zurich Crop proudly demonstrated Zurich’s leadership at two crop insurance industry events – Crop Insurance and Reinsurance Bureau (CIRB) annual meeting and the National Crop ...
February 27, 2018zurich
As originally published in Morning Consult. An agricultural disaster will strike somewhere in the United States this year, but the location and scope are unknown. Thousands of farmers and ranchers annually prepare for the unknown by purchasing crop insurance in advance of planting season. But if critics of crop insurance have ...
February 14, 2018zurich
As original published on the web page of Zurich’s crop insurance business unit, RCIS. Crop insurance agents working with RCIS can rest assured that the company understands the role of the federal government in crop insurance. RCIS maintains a government affairs team to proactively share its perspective with policymakers in Washington, ...
January 23, 2018zurich
Three lessons from a Swiss insurance firm As originally published in: The Hechinger Report Recently, 18 adults, including a former car salesman and a stay-at-home dad, took a chance on an industry not widely recognized for the role it plays in helping people and businesses get back up and running when faced ...
January 3, 2018zurich
As originally published in The Hill. America is the land of risk takers, but we shouldn't take risks with tax reform. Unfortunately, policymakers in the House and Senate are discussing a blunt excise tax on all intercompany payments to global affiliates, which will fundamentally disrupt the $655 billion property and casualty ...
November 22, 2017zurich
This is the fourth and final installment of a four-part blog series on Zurich’s North American Government & Industry Affairs 2017 Key Priorities. Laura Favinger, SVP Zurich North American Government & Industry Affairs, outlines our four key priorities in this video. When was the last time you saw or experienced a ...
November 1, 2017zurich
Our diverse, global portfolio helps U.S. businesses manage risk and continue to support the U.S. economy. In an increasingly interconnected world, diversifying risk is more important than ever. Global reinsurance—also known as insurance for insurers—is used to diversify risk through both domestic and foreign reinsurers to ease the financial burden ...
October 25, 2017zurich
As originally published in Morning Consult. “A win-win for American taxpayers and American-based businesses.” That’s the claim that was recently made by an insurance executive who was advocating a punitive new tax targeting global affiliate reinsurance. This new tax targets global insurers like Zurich Insurance Group and will add billions in ...
October 17, 2017zurich
This is the third installment of a four-part blog series on Zurich’s North American Government & Industry Affairs 2017 Key Priorities. Laura Favinger, SVP Zurich North American Government & Industry Affairs, outlines our four key priorities in this video. Zurich has a great story to tell and the Government & ...
October 3, 2017zurich
This is the second installment of a four-part blog series on Zurich’s North American Government & Industry Affairs 2017 Key Priorities. Laura Favinger, SVP Zurich North American Government & Industry Affairs, outlines our four key priorities in this video. Zurich’s RCIS is a leading provider of federal crop insurance, a ...
August 21, 2017zurich
The House Small Business Committee invited Zurich’s Erica Davis, Senior Vice President and Head of Specialty Products Errors and Omissions, to testify at its hearing “Protecting Small Businesses from Cyber Attacks: the Cybersecurity Insurance Option.” This hearing examined the challenges small businesses face in selecting a cybersecurity insurance policy ...
August 2, 2017zurich
Zurich North America Chief Legal Officer Dennis Kerrigan met recently with several officials at the U.S. Treasury Department, as part of Treasury’s effort to speak with companies and trade groups as it prepares to produce a report on asset management and insurance. Dennis spoke on items of importance to Zurich ...
July 26, 2017zurich
This is the first installment of a four-part blog series on Zurich’s North American Government & Industry Affairs 2017 Key Priorities. Laura Favinger, SVP Zurich North America Government & Industry Affairs, outlines our four key priorities in this video. Since 2013, Congress has been on a path to reform ...
July 11, 2017zurich
SelectUSA Foreign Direct Investment: Foreign companies and their U.S. subsidiaries play a critical role in employing America President Donald Trump has called for and promised to grow jobs here in the U.S. The SelectUSA Investment Summit brings into sharp focus the importance of foreign direct investment (FDI) in supporting and creating ...
June 20, 2017zurich
WASHINGTON, D.C. – In our ever-changing political climate, it’s more critical than ever that Zurich’s voice is heard. So with that in mind, members of Zurich’s Government & Industry Affairs (GAIA) team recently returned to the grassroots style of political campaigning. They went out and knocked on doors. Well, not exactly. ...
May 12, 2017zurich
Congress and the Trump administration have placed a high priority on reforming the U.S. tax code in 2017. The debate over tax reform is important and Zurich believes that everyone should pay their fair share - a competitive tax code should not favor certain companies within an industry ...
April 17, 2017zurich
Tuesday, April 4, 2017, was a busy day in our nation’s capital for Zurich Insurance, as North America CEO Mike Foley and Head of North America Commercial Insurance Paul Horgan, participated in thought-leadership events at the White House, two important federal agencies and on Capitol Hill. Mike Foley participated in discussions ...
April 12, 2017zurich
Leaders from Zurich's crop insurance provider, Rural Community Insurance Services (RCIS) joined more than 400 leading private crop insurance providers, industry experts and government officials at the 2017 National Crop Insurance Services (NCIS) convention in Bonita Springs, Florida on February 4-8. According to Zurich’s Head of RCIS Mike Day, who also ...
February 28, 2017zurich
Zurich North America Chief Legal Officer Dennis Kerrigan recently participated on a panel at the U.S. Capitol hosted by the Swiss Embassy for the launch of a new publication “Switzerland’s Economic Footprint in the United States: Creating Jobs and Supporting the U.S. Economy.” The event was designed to ...
February 21, 2017zurich
We are excited to participate in National Apprenticeship Week! The insurance apprenticeship program at Zurich is the first of its kind in the U.S., modeled after the successful program at our Switzerland headquarters. We have committed to having 100 apprentices participate in the program by 2020. ...
November 11, 2016zurich
On November 8, Americans will go to the polls to elect a new President, 34 U.S. Senators, and 435 U.S. Representatives. At the state level, 12 governors, five insurance commissioners and legislators in 86 of the 99 state legislative chambers will be elected (Nebraska has only one chamber which is ...
October 24, 2016zurich
Global insurance providers like Zurich, play an important role in the U.S. economy by helping U.S. businesses and communities protect themselves from a number of risks such as natural catastrophes and terrorism incidents. In fact, every day the world faces risks that are often too expensive or concentrated for local ...
October 6, 2016zurich
Zurich and The Hill sponsored an event on September 14 titled “Preparing for the next disaster: A policy discussion on community resilience” at the Newseum in our nation’s capital. The event was attended by dozens of D.C. opinion molders and policymakers and also generated activity on social media platforms including ...
September 15, 2016zurich
The recent Republican and Democratic political conventions saw no shortage of controversies, newsmakers and speechmaking – and even a little history being made with the first time a woman has accepted the nomination for President. Of course, the two conventions were also bursting with lawmakers and lobbyists at the federal ...
August 3, 2016zurich
Dennis Kerrigan, Zurich North America Chief Legal Officer, moderated a panel at a recent meeting of the National Governors Association on jobs, economic growth and the importance of foreign direct investment in the U.S. Dennis stated: “Global companies operating in the U.S. have had a positive impact upon our ...
July 19, 2016zurich
Zurich thought leaders spent time in our nation’s capital during April to discuss three key issues: manufacturing, cyber, and surety.” Here’s a summary: Manufacturing Manufacturing Segment Lead Cindy Slubowski participated with dozens of manufacturers in a multi-day effort to engage lawmakers and staff about the challenges facing U.S. manufacturing. “With ...
May 9, 2016zurich
Zurich North America Chief Legal Officer Dennis Kerrigan recently joined more than 150 business and political leaders from across the United States in Washington at the U.S. Chamber of Commerce’s inaugural summit on foreign investment in the American economy. The summit focused on several political and economic issues that are ...
April 28, 2016zurich
Zurich's newly-launched apprenticeship program was mentioned by Secretary of Labor Thomas Perez during his testimony at a March 15 House Appropriations Committee hearing. The Zurich Apprenticeship Program is a first of its kind initiative for the insurance industry. To read more about Zurich's apprenticeship program, which aims to train at ...
March 18, 2016zurich
President Obama released the final budget of his presidency on February 9, laying out his blueprint for 2017 and the next decade. The total spending outlays for FY2017 would be $4.1 trillion, As expected, the FY2017 budget includes public policy items of importance to the Zurich Advocacy team that we ...
February 11, 2016zurich
The beginning of a new year is always a good time to reflect on where you've been and where you're going. With that in mind, the Zurich Advocacy Team is looking forward to continuing success in 2016, while also taking time to reflect on 2015. With 2016 being a Presidential ...
January 28, 2016zurich
Cyber-related risks and attacks are now considered the greatest risk to doing business in North America, according to responses to a survey of WEF's global multi-stakeholder community. This is one of the key findings from the World Economic Forum’s (WEF) Global Risks Report 2016. The report also found that the ...
January 19, 2016zurich
President Obama delivered his final State of the Union Address on January 12 in what was billed as a “non-traditional” address because it cited no specific major legislative priorities for Congress to work with the Administration on. Many pundits viewed the speech primarily as the President’s effort to highlight the last ...
January 13, 2016zurich