Insurers Face Business Interruption Claims After Global Tech Outage July 22, 2024 Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance...
Global IT Crash That Blocked 911 Calls and Grounded Planes Eases July 19, 2024 By Amy Thomson, Shona Ghosh and Vlad Savov In what will go down as the most spectacular IT failure the world has ever seen, a botched software update...
Insurance Broker TWFG’s Shares Rise Nearly 30% in Market Debut July 19, 2024 Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks...
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss July 19, 2024 The Travelers Companies, Inc. reported second quarter net income of $534 million, compared to a loss of $14 million during...
Sizzle Safely: Insurance Strategies for a Worry-Free Summer BBQ July 19, 2024 By Andrew Leeds Independent agents play a critical role in helping clients find the right home insurance policies for them. They are also...
Chicken Culling, Disposal Raise Concern as Bird Flu Spreads July 19, 2024 By Leah Douglas The spread of bird flu among poultry and dairy farms has heightened some health experts’ concerns that the process of...
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...