Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share September 12, 2024 By Chad Hemenway For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S...
Mastercard Agrees to Buy Cyber-Defense Firm for $2.65 Billion September 12, 2024 By Paige Smith Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card...
Moody’s, Amwins Expect Continued Cyber Market Growth September 12, 2024 By Allen Laman Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future....
Cyberattacks on US Utilities Surged 70% This Year, Says Research Firm September 12, 2024 U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data...
State Farm: Catalytic Converter Thefts Drop 74% September 12, 2024 For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter...
In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’ September 12, 2024 By Chad Hemenway In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report September 11, 2024 By L.S. Howard Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100...
AM Best: Unfavorable Operating Performance Key Driver of Downgrades September 11, 2024 Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based...
Study Suggests US Droughts, Rainy Extremes Becoming More Severe September 11, 2024 By Ohio State University Newswise — Severe drought in the American Southwest and Mexico and more severe wet years in the Northeast are the...
Norfolk Southern Says CEO Under Investigation for Alleged Ethical Lapses September 11, 2024 By Josh Funk Norfolk Southern’s CEO Alan Shaw is under investigation for potential ethical lapses, the railroad confirmed Monday. A spokeswoman for the...