P/C Premium Growth Likely But Profits Delayed Until 2025: Forecast July 16, 2024 Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a...
AIG Files Amended Suit Against Former Execs, Dellwood Insurance July 16, 2024 By Chad Hemenway American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started...
Dollar General to Pay $12M Penalty, Improve Safety July 16, 2024 Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to...
Wall Street Pushes Back After Activists Escalate Protests July 15, 2024 By Alastair Marsh Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what...
Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal July 15, 2024 By Marissa Newman and Davey Alba Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the...
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data July 15, 2024 A hacker who claims to have stolen sensitive call and text logs from AT&T Inc. said they were paid about...
Report: Impact of BEC Attacks on US Companies Misunderstood July 15, 2024 A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it...
A Troubling Phrase: ‘Just a Category 1 Hurricane’ July 15, 2024 By Brendan Farrington Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or...
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...