McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump August 15, 2024 By Ambereen Choudhury McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of...
Catastrophe Bond Issuance Is Set to Blast Through 2023 Record August 15, 2024 By Gautam Naik Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change,...
Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire August 15, 2024 More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to...
Wall Street Firms to Pay $470 Million to Settle With US Regulators Over Texting August 15, 2024 Another group of broker-dealer and investment advisers has agreed to pay over $470 million to U.S. regulators to settle civil...
Consumers’ Refusal to Keep Paying Higher Prices May Halt Inflation Spike August 14, 2024 By Christopher Rugaber The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping...
What Latest Inflation Report Shows Overall and for Auto Insurance, Medical Costs August 14, 2024 The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after...
People Moves: Chubb Appoints Ohsiek, Hagan and Le to Key Finance Posts August 14, 2024 Chubb Appoints Ohsiek Chief Accounting Officer, Hagan CFO of Operations and Le as Chief Auditor Chubb made three executive appointments...
Tropical Storm Ernesto Drenches Puerto Rico on Path Northward August 14, 2024 By Brian K. Sullivan and Brian Wingfield Tropical Storm Ernesto pounded Puerto Rico with torrential rain and winds as it brushed by the island on a track...
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion August 14, 2024 Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in...
Markets/Coverages: Amwins, Floodbase Unveil Flood Insurance for Golf Courses; Aegis Pro Risk Partners With Sentry on E&O Program August 14, 2024 Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost...