Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls March 8, 2024 By Susanne Sclafane Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed...
Former AIG Execs Launch E&S Company Dellwood Group for Small/Middle Sized Risks March 8, 2024 Two former executives with American International Group (AIG) have launched a nationwide excess and surplus lines (E&S) insurance holding company....
Justice Department to Offer More Rewards to Corporate Whistleblowers March 8, 2024 By Karen Freifeld and Chris Prentice The U.S. Justice Department is expanding its whistleblower program to coax more tipsters to disclose corporate misconduct by offering monetary...
Booming Stock Market Leads to Higher US Household Wealth March 8, 2024 U.S. household wealth rose to a record of roughly $156.2 trillion at the end of 2023 thanks to a surging...
People Moves: Aon Names Ahmed and Von Obstfelder Risk Analytics Product Leaders; Tokio Marine N. America’s Angelson Named C-Level Leader for Global Insurance Group March 8, 2024 Aon Names Ahmed and Von Obstfelder as Advanced Risk Analytics Product Leaders Aon plc, headquartered in London, named to new...
US Commercial Lines Survey Shows Aggregate Increase of 6.6% in Q4: WTW March 7, 2024 U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to...
Republican-Led States Sue SEC Over Climate Risk Disclosure Rules March 7, 2024 By Clark Mindock Ten Republican-led states have sued to challenge new federal rules that require U.S.-listed companies to report climate-related risks, a spokesperson...
Group That Sued Pfizer Over Diversity Program Loses Appeal March 7, 2024 By Nate Raymond A U.S. appeals court on Wednesday upheld the dismissal of a lawsuit by a conservative group opposed to diversity initiatives...
US P/C Industry Underwriting Loss Reaches 10-Year High: AM Best March 7, 2024 Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38...
‘Exit Scam’ – Hackers That Hit UnitedHealth Pull Disappearing Act March 7, 2024 By James Pearson and Christopher Bing The hackers responsible for the breach at UnitedHealth Group appear to have pulled a disappearing act on Tuesday, leaving their...