Microsoft Says Russia-Linked Group Hacked Employee Emails January 22, 2024 By Dina Bass and Katrina Manson Microsoft Corp. said a Russian-linked hacking group attacked its corporate systems, getting into a “small number” of email accounts, including...
USGS: Nearly 75% of US Could Experience A Damaging Earthquake January 22, 2024 Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team...
New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery January 22, 2024 By Rebecca Santana Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it...
Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk January 22, 2024 By Gautam Naik and Sheryl Tian Tong Lee For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The...
GM Financial Rebranding OnStar Insurance as General Motors Insurance January 19, 2024 By Chad Hemenway GM Financial earlier this week said it is rebranding its OnStar Insurance to General Motors Insurance, with plans for market...
Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss January 19, 2024 Net income at The Travelers Cos. for the last quarter of 2023 about doubled compared to the same time last...
Allstate Q4 2023 Reserve Charge Near $200M January 19, 2024 Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings—among them a $199 million non-catastrophe reserve charge. The...
People Moves: Zurich N.A. Names Chai CRO; World Insurance Associates Names Peterson Chief Growth Officer January 19, 2024 Zurich North America names Chai Chief Risk Officer Zurich North America appointed Ann Chai as chief risk officer. She is...
Markets/Coverages: Hub International Starts Property Practice January 19, 2024 Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who...
Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24 January 19, 2024 Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings...