U.S. SEC Gives Public Until June 17 to Weigh In on Climate Risk Proposal May 10, 2022 By Katanga Johnson The U.S. Securities and Exchange Commission (SEC) on Monday extended until June 17 the period for public comment on its...
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes May 9, 2022 S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers...
Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal May 9, 2022 By Chibuike Oguh Private equity firm Carlyle Group Inc. told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market May 9, 2022 By Chad Hemenway The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace...
Secrecy Over Condition of U.S. Dams Tied to Security Concerns, Missing Data May 9, 2022 By David A. Lieb Americans wondering whether a nearby dam could be dangerous can look up the condition and hazard ratings of tens of...
Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’ May 9, 2022 By Saijel Kishan Tesla Inc., whose Chief Executive Officer Elon Musk has criticized ESG for making little sense, said current ways of measuring...
AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season May 9, 2022 By Bianca Flowers and Nathan Gomes U.S. agricultural equipment maker AGCO Corp. said on Friday a ransomware attack was affecting operations at some of its production...
Intuit to Pay $141 Million to Settle TurboTax Deception Claims May 6, 2022 By Jonathan Stempel Intuit Inc agreed to pay $141 million in restitution to settle claims by all 50 U.S. states and Washington, D.C.,...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation May 6, 2022 By Chad Hemenway Rate increases in Allstate’s auto insurance business are in integral part of the insurer’s overall plan to address the impact...
Bird Flu Outbreak Nears Worst Ever in U.S. With 37 Million Dead Chickens May 6, 2022 By Zijia Song, Elizabeth Elkin and Michael Hirtzer A bird flu virus that’s sweeping across the U.S. is rapidly becoming the country’s worst outbreak, having already killed over...