Moody’s Creates Private Credit Rating and Research Group November 6, 2023 By Tatiana Bautzer Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday. The unit...
Despite Hard Market, P/C Combined Ratio Forecast Near 104 for 2023 November 6, 2023 Losses resulting from severe convective storms are expected to drive the 2023 net combined ratio for the property/casualty industry to...
Boeing Says ‘Cyber Incident’ Hit Parts Business After Ransom Threat November 6, 2023 Boeing, one of the world’s largest defense and space contractors, said on Wednesday it was investigating a cyber incident that...
Elon Musk Asks Court to Reject SEC’s Bid to Make Him Testify in Twitter Probe November 6, 2023 By Chris Prentice and Jody Godoy Elon Musk asked a federal judge on Nov. 2 not to force him to testify in the U.S. Securities and...
Thousands of Black Women Claim Hair Relaxers Gave Them Cancer November 6, 2023 By Mike Spector Sheila Bush, a cosmetologist, was lounging in the recliner at her St. Louis-area home last winter when an advertisement from...
Judge Rules Virginia Teacher Shot by Student Can Proceed with $40 Million Lawsuit November 6, 2023 By Ben Finley A teacher who was shot by her 6-year-old student in Virginia can press forward with her $40 million lawsuit against...
Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well November 6, 2023 By Josh Funk Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its...
AIG Continues to Take Cautious Approach to Excess D&O in North America November 3, 2023 By Chad Hemenway Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in...
Lemonade Expects to Be in the Black Within Three Years November 3, 2023 By Susanne Sclafane While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement,...
Travelers to Buy Cyber MGU Corvus for $435 Million November 3, 2023 The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about...