Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6% February 14, 2024 By Chad Hemenway The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data...
US Seeks More Than $1 Billion From Collapsed SVB for Taxes February 14, 2024 By Sabrina Willmer The US Internal Revenue Service is seeking to recover about $1.4 billion in taxes it claims are owed by Silicon...
Prudential Reports Unauthorized Access to Its Computer Systems February 14, 2024 By Chad Hemenway Prudential Financial has disclosed a hacker gained unauthorized access to its systems earlier this month. In a Feb. 13 filing...
Commercial Real Estate Trouble Evident in Fading Downtown Construction February 14, 2024 By Isis Almeida and Miranda Davis When Rahm Emanuel ran Chicago and wanted to boast about the health of the city, the then-mayor pointed to the...
AIG General Insurance Q4 Income Up 19% on Underwriting, Investments February 14, 2024 By Chad Hemenway American International Group (AIG) during the fourth quarter 2023 recorded underwriting income of $642 million within its General Insurance segment...
Viewpoint: The Cyber Risk Pendulum February 13, 2024 By Stephanie Snyder Frenier Privacy risk is so 2014, right? Ten years ago, numerous retail and healthcare companies were hit with data breaches related...
Nearly 75% of Employers Don’t Have AI Protocols for Internal Communications: Study February 13, 2024 Despite organizations’ increased adoption of artificial intelligence (AI), 71% don’t provide internal guidance on when, where or how to use...
People Moves: JM Wilson Makes New Hires and Promotions Nationwide February 13, 2024 JM Wilson, headquartered in Portage, Michigan, made several new hires and promotions in offices across the country. Katie Priester Bird...
Robot Invasion Hit a Bump in 2023 as North American Economy Cooled February 13, 2024 By Timothy Aeppel North American companies ordered about a third fewer robots last year as worries about a slowing economy and higher interest...
Build-A-Bear, Maker of Warren Buffett’s Squishmallows Face Off in Court February 13, 2024 By Jonathan Stempel Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop...