Insured Losses From Los Angeles Wildfires Rising: $8B to $20B January 9, 2025 By Don Jergler Editor’s note: This story has been updated with new AccuWeather total loss estimates. With aerial firefighting returning as strong Southern...
Floods Are Top Risk to Supply Chains in 2025, Everstream Says January 9, 2025 By Mary Hui Flooding poses the greatest threat to supply chains this year, as warm ocean temperatures fuel more frequent and disruptive storms,...
Apple Clarifies Siri Privacy Stance After $95M Class Action Settlement January 9, 2025 Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it...
Commercial Property Market Stabilizing, With Ample Capacity: USI January 9, 2025 The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or...
People Moves: Canopius Names CAC’s Burke US Head of Cyber and Technology; Gerber Hired as AXA XL’s Head of Energy Transition, Americas January 9, 2025 Canopius, headquartered in Chicago, appointed Laura Burke as U.S. head of cyber and technology. Burke assumes the role after serving...
Viewpoint: It Is Insurers’ Time to Lead a Resilience Revolution January 9, 2025 By Steven Rothstein and Francis Bouchard There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions...
Andrade Leaves Everest Group to Become USAA President and CEO January 8, 2025 Juan C. Andrade is USAA’s new president and chief executive officer, said the insurance provider to millions of active military,...
Bowie Promoted to CEO of MGU Private Client Select Insurance January 8, 2025 Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said...
Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company January 8, 2025 By Jonathan Stempel A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens...
Symbol Will Indicate When Connected Devices Are Cyber Secure January 8, 2025 By Andrew Martin Consumers may soon be able to buy electronic products with a label indicating they are “cyber secure,” according to US...