AM Best: Social Inflation Key Factor in Rise of Loss Severity May 13, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
Insurer Bowhead Specialty Seeks About $491M Valuation in IPO May 13, 2024 Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States,...
Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp May 13, 2024 Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure...
Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say May 13, 2024 By Gautam Naik The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller...
Supreme Court Rules Against Warner Music in Copyright Damages Case May 13, 2024 By Blake Brittain The U.S. Supreme Court on Thursday ruled in favor of a Miami music producer in a legal fight with Warner...
Hackers Behind MGM Attack Targeting Financial Sector in New Campaign May 13, 2024 By Katrina Manson The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new...
White House to Push Cybersecurity Standards on Hospitals May 10, 2024 By Katrina Manson and Jake Bleiberg The Biden administration intends to require hospitals to meet minimum cybersecurity standards after a single hack exposed the data of...
China Construction Bank Sued in US Over Reinsurance Fraud Losses May 10, 2024 By Robert Burnson China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud...
Markets/Coverages: FloodFlash Launches New Parametric Auto Dealer Program May 10, 2024 FloodFlash has added a dealer program in its efforts to support more U.S. businesses ahead of a hurricane season that...
Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss May 10, 2024 Liberty Mutual Holding Company on Thursday reported first quarter 2024 net income of $1.5 billion compared to loss of $74...