AIG Fires Interim CFO Lyons January 31, 2023 By Chad Hemenway AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023 January 30, 2023 A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to...
W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’ January 30, 2023 By Chad Hemenway There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to...
U.S. and EU to Launch First-of-its-Kind AI Agreement January 30, 2023 The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial...
Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally January 30, 2023 A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients....
Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action January 30, 2023 By Daniel Wiessner Twitter Inc. has asked a federal judge to toss out a proposed class action claiming the company targeted female employees...
Musk Faces SEC Probe for Role in Tesla Self-Driving Claims January 30, 2023 By Lydia Beyoud US regulators are investigating Elon Musk’s role in shaping Tesla Inc.’s self-driving car claims, the latest effort by watchdogs to...
Ford Recalls 462,000 Vehicles for Rear Camera Display Failure January 30, 2023 By David Shepardson Ford Motor Co said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera...
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle January 27, 2023 By L.S. Howard The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60%...
Report on Mass Shootings Urges Workplace Violence Prevention Plans January 27, 2023 By Rebecca Santana As the nation reels from a week of high-profile shootings, a new report on mass attacks calls for communities to...