Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance July 15, 2024 By William Rabb A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president,...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. July 12, 2024 By L.S. Howard Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in...
Insurers Hike Rates as Extreme Storms Like Beryl Proliferate July 12, 2024 By Damian J. Troise Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more...
AT&T Says Data From Around 109M Customer Accounts Illegally Downloaded July 12, 2024 By David Shepardson AT&T said Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records...
Conning Study: MGA Market Still Growing July 12, 2024 A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023,...
CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053 July 12, 2024 By Don Jergler Climate change is expected to increase the frequency and severity of floods in the U.S., posing greater risks to homeowners...
People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP July 12, 2024 AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business...
SpaceX Wins Block on Labor Board Case Over Severance Agreements July 12, 2024 By Daniel Wiessner A federal judge in Texas said on Wednesday he would block the National Labor Relations Board from pursuing claims that...
Honeywell Defeats Fired Engineer’s Appeal Over Diversity Training July 11, 2024 By Jonathan Stempel Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity...
Regulators Fine Citi $136M for Failing to Fix Longstanding Data Issues July 11, 2024 By Michelle Price, Pete Schroeder and Tatiana Bautzer U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required...