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News from Arthur J. Gallagher & Co., Insurity Inc., Arch Insurance Europe and more. News from Chubb, The Hanover, Power Insurance and more. (Photo: Shutterstock)

Chubb announced a new companywide goal to reduce its global greenhouse gas (GHG) emissions by 20% on an absolute basis by 2025, and 40% by 2035. Both goals use 2016 emissions levels as the baseline and are aligned with the two-degree Celsius target outlined in the Paris Climate Agreement, as well as the quantitatively supported science-based standards methodology of the United Nations Environmental Program. This is the third GHG emissions reduction commitment Chubb has made since 2006, and since then, has reduced GHG emissions by roughly 27% per employee. Chubb representatives say their goals will be achieved through a combination of real estate portfolio optimization, energy efficiency projects and the purchase of renewable electricity.

The Hanover Insurance Group announced it has expanded its suite of personal lines insurance products to include a new watercraft insurance offering. The new watercraft product will offer broadened coverage, flexible offerings, and coverage for unique items such as fishing equipment, towing, etc. Additionally, the new watercraft product provides coverage for accidents and losses on lakes, rivers, inland waters, and ocean up to 50 miles off the coast of the U.S., its territories, and Canada, with the option to extend up to 100 miles from the coastline.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].

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