PCF Insurance Services Secures $400M Financing as Part of New Loan August 1, 2023 PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global...
NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue August 1, 2023 By David Shepardson U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y...
Musk’s X Sues Nonprofit That Fights Hate-Speech August 1, 2023 Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing...
Yellen Says Extreme Weather Exposes Gaps in Insurance Protection August 1, 2023 By Christopher Condon Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...
Industry Trades Rail Against Federal Climate Disclosure Bill August 1, 2023 By Chad Hemenway Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose...
Companies Caught in Diversity Crossfire Are Frozen by Uncertainty August 1, 2023 By Jeff Green The US Supreme Court’s ruling against affirmative action has sparked a fierce debate over the future of diversity in corporate...
CNA Financial Misses Profit Estimates on Higher P/C Catastrophe Losses July 31, 2023 Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment...
Q2 Net Income Up 23% at The Hartford, Bolstered by Commercial Lines July 31, 2023 The Hartford said second quarter net income was $542 million, an increase of 23% compared with the same period a...
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh July 31, 2023 Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh,...