Global Tech Outage Disrupts Industries, Highlights Online Risks July 19, 2024 A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours...
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B July 19, 2024 Allstate Corp. said it recorded pretax catastrophe losses of about $2.1 billion in the second quarter. The Northbrook, Illinois-based insurer...
SolarWinds Beats Most of SEC Lawsuit Over Russia-Linked Cyberattack July 19, 2024 By Jonathan Stempel A U.S. judge dismissed most of a Securities and Exchange Commission lawsuit accusing software company SolarWinds of defrauding investors by...
Marsh McLennan Reports 8.7% Increase in Q2 Net Income July 18, 2024 By L.S. Howard Insurance broker Marsh McLennan reported second quarter net income of $1.125 billion, an 8.7% increase from $1.035 billion reported during...
Insurance Broker TWFG’s IPO Seeking $187 Million Gets Underway Today July 18, 2024 Shares of Texas-based insurance broker TWFG, Inc. begin trading on the Nasdaq Global Select Market today under the symbol TWFG....
Study Urges Rethinking of Disaster Management in Era of Compounding Events July 18, 2024 By Allen Laman A new report warns that compounding natural disasters introduce new, interconnected, and complex risk scenarios — and points to a...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Russian Cybersecurity Firm Kaspersky Labs to Wind Down US Operations July 18, 2024 Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday,...
Coalition Asks FEMA to Make Wildfire Smoke, Extreme Heat Eligible for Disaster Funds July 18, 2024 A group of 14 attorney generals has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate...
FM Global Rebrands As FM July 18, 2024 FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its...