AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2% August 1, 2024 By Chad Hemenway The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly...
Verisk’s PCS Classifies CrowdStrike Incident as a Cyber Catastrophe July 31, 2024 By Chad Hemenway Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe...
Bain Capital Insurance Backs Specialized Risk Financing Firm 1970 Group July 31, 2024 Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the...
Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Tesla Recalls 1.85 Million US Vehicles Over Unlatched Hood Issue July 31, 2024 By David Shepardson Tesla is recalling 1.85 million vehicles in the United States due to risk of software failure to detect an unlatched...
People Moves: Resilience Promotes Brady to Chief Underwriting Officer; Burns & Wilcox Names New Leaders in Southwest, Michigan July 31, 2024 Brady Named Resilience Chief Underwriting Officer Resilience, headquartered in San Francisco, named Killian Brady as chief underwriting officer. Brady will...
Coastal Communities Get $575M to Guard Against Floods, Other Disasters July 31, 2024 By Wayne Parry The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures...
Delta Air Lines to Seek Compensation Over Cyber Outage: Report July 30, 2024 Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber...
Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics July 30, 2024 By Ezra Amacher Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office...
US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products July 30, 2024 Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears...