Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US September 19, 2023 Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve...
Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters September 19, 2023 By Elizabeth Blosfield While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking...
Markets/Coverages: Canopius Expands Into US Excess Casualty Market September 19, 2023 Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the...
Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says September 19, 2023 By Zeba Siddiqui Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of...
Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations September 19, 2023 By Michael Giuliano Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven...
Product Liability Cases on the Rise: Lex Machina September 19, 2023 Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal...
AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist September 18, 2023 The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of...
Clorox’s First-Quarter Results Could See ‘Material Impact’ From Cyber Attack September 18, 2023 Pine-Sol maker Clorox said on Monday its first-quarter results could see a “material impact” from a cybersecurity attack last month...
Regulators Move to Stop Greenwashing Before It Gets Worse September 18, 2023 By Olivia Rudgard In 2021, a series of HSBC advertisements started appearing on bus stops around the UK. Part of a campaign centered...
PE Firm Advent Eyes Sale of Car Insurance Software Vendor CCC: Sources September 18, 2023 By Milana Vinn Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to...