Kemper Exits Preferred Home and Auto Business Immediately August 8, 2023 By Chad Hemenway As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023 August 8, 2023 The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent...
MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet August 8, 2023 By Raphael Satter and Zeba Siddiqui A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount August 8, 2023 By Isla Binnie U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report August 8, 2023 By Jahna Jacobson According to IBM’s Cost of a Data Breach report, 2023 set an all-time high record with the global average data...
Trucking Firm Yellow Files for Bankruptcy, Blasts Teamsters August 8, 2023 By Abhijith Ganapavaram Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter...
More Big Corporate Settlements Coming, Says Departing Justice Dept Official August 7, 2023 By Sarah N. Lynch As Kenneth Polite steps down this month as the head of the U.S. Department of Justice’s Criminal Division, he will...
Banking Industry Starts to Pick Its Battles Against New Capital Rules August 7, 2023 By Douglas Gillison, Tatiana Bautzer and Nupur Anand Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are...
Hospitals, Clinics in Several States Begin Recovery After Cyberattacks August 7, 2023 By Pat Eaton-Robb Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyberattack that disrupted their...
Berkshire Operating Earnings Jump on Insurance Strength August 7, 2023 By Max Reyes Warren Buffett’s Berkshire Hathaway Inc. posted gains in operating profit as strength in its insurance businesses helped counter inflationary pressures...