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...
Payment Gateway Slim CD Notifies 1.7M Cardholders of Hack September 11, 2024 By Chad Hemenway Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing...
People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires September 11, 2024 Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice...
Keurig Agrees $1.5M SEC Fine Over Pod Recyclability Statements September 11, 2024 By Chris Prentice and Susan Heavey Keurig Dr Pepper Inc. agreed to pay a $1.5 million fine to settle U.S. Securities and Exchange Commission charges that...
SEC Hits 7 Companies With Penalties for Violating Whistleblower Protections September 11, 2024 By Chris Prentice Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated...
Trojan Condoms Contain ‘Forever Chemicals,’ Lawsuit Claims September 10, 2024 By Jonathan Stempel A new lawsuit on Monday claims that Trojan condoms are not safe because they contain toxic “forever chemicals,” which have...
Commercial Property Rate Stabilization Highlights Latest WTW CLIPS September 10, 2024 Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price...
Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses September 10, 2024 Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings...