The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Mexico’s Lawsuit Against Arizona Gun Dealers Can Proceed, US Judge Rules March 26, 2024 By Nate Raymond A U.S. judge on Monday ruled that the Mexican government could move forward with a lawsuit accusing five Arizona gun...
2023 Underwriting Losses Improve but Persist in US P/C Industry March 26, 2024 By Allen Laman and Susanne Sclafane The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM...
Chubb: Middle Market Companies Post Record Gains March 26, 2024 By Allen Laman Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator...
Musk’s X Corp. Loses Lawsuit Against Hate Speech Watchdog March 26, 2024 By Jonathan Stempel A U.S. judge on Monday threw out Elon Musk’s lawsuit against a nonprofit group that faulted him for allowing a...
Consumers Sue Apple, Taking Page From US Justice Department Lawsuit March 26, 2024 By Mike Scarcella Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market,...
US, UK Accuse China of Cyberespionage That Hit Millions of People March 26, 2024 By James Pearson, Raphael Satter and Christopher Bing U.S. and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says March 25, 2024 By Susanne Sclafane Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied...
North Korean Hackers Stalk Crypto Startups Scrimping on Security March 25, 2024 By Anna Irrera and Olga Kharif It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out...
People Moves: Hiscox Appoints Hellrung as US COO March 25, 2024 Hiscox, headquartered in Hamilton, Bermuda, named Leigh Hellrung as chief operating officer in the U.S. Hellrung will serve on the...