Inflation, Ukraine War Seen as Chief Financial Risks May 10, 2022 By Howard Schneider High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to...
Elephant Insurance Reports Data Breach May 10, 2022 Virginia-based direct-to-consumer personal lines insurer Elephant Insurance reports that it experienced a cyber incident beginning in late March and as...
Tesla Recalls 130,000 Vehicles Over Touchscreen Display Malfunction May 10, 2022 By David Shepardson Tesla Inc. is recalling about 130,000 vehicles in the United States following an overheating issue that may cause the center...
Global Banks Flee the Monster SPAC Market They Helped Create May 10, 2022 By Katherine Doherty Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling away from the deals,...
U.S. SEC Gives Public Until June 17 to Weigh In on Climate Risk Proposal May 10, 2022 By Katanga Johnson The U.S. Securities and Exchange Commission (SEC) on Monday extended until June 17 the period for public comment on its...
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes May 9, 2022 S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers...
Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal May 9, 2022 By Chibuike Oguh Private equity firm Carlyle Group Inc. told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market May 9, 2022 By Chad Hemenway The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace...
Secrecy Over Condition of U.S. Dams Tied to Security Concerns, Missing Data May 9, 2022 By David A. Lieb Americans wondering whether a nearby dam could be dangerous can look up the condition and hazard ratings of tens of...
Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’ May 9, 2022 By Saijel Kishan Tesla Inc., whose Chief Executive Officer Elon Musk has criticized ESG for making little sense, said current ways of measuring...