Liberty Mutual Records $219M Q3 Net Income November 9, 2023 Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million...
GM’s Cruise Recalling 950 Driverless Cars After Pedestrian Dragged in Crash November 9, 2023 By David Shepardson Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its...
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy November 9, 2023 By L.S. Howard Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses...
FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit November 9, 2023 By Chad Hemenway Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried...
Two-Thirds of North America Could Face Power Shortages This Winter November 9, 2023 More than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of...
NTSB Chair: Near-Miss Aviation Incidents ‘Clear Warning Sign’ November 9, 2023 By David Shepardson An increase in serious near-miss aviation incidents is a “clear warning sign that the U.S. aviation system is sharply strained,”...
AM Best Outlook of US E&S Market Revised to ‘Positive’ November 9, 2023 Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to...
Viewpoint: ChatGPT, Laden With Hacker-Inserted Malware, Is Writing Code for Companies November 8, 2023 By Lou Steinberg If yours is like many companies, hackers have infiltrated a tool your software development teams are using to write code....
Microsoft Offers to Help Politicians Crack Down on Deepfakes November 8, 2023 By Margi Murphy Microsoft Corp. is offering US politicians and campaign groups a tool aimed at helping fight the rise of deepfakes ahead...
Average Premiums Keep Rising for Most Commercial Lines: IVANS November 8, 2023 Ivan’s Index for the third quarter found the average premium renewal rate increased for all major commercial lines of business...