Private Equity Firm Kelso Invests in ReSource Pro, Takes Majority Interest December 21, 2021 Private equity firm Kelso & Co. has completed an investment in property/casualty insurance processing and services firm ReSource Pro, taking...
National African American Insurance Association Charters 3 New Chapters December 21, 2021 The National African American Insurance Association (NAAIA) announced the chartering of three new chapters: Arkansas, Colorado and Los Angeles. The...
Cyber Disruptions of Infrastructure Networks Can Cost Millions in a Day December 21, 2021 The resilience of America’s critical infrastructure networks has been tested over the last year by a number of serious disasters...
Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021 December 21, 2021 By Noor Zainab Hussain and Carolyn Cohn Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for...
Medical Boards Under Pressure to Discipline Doctors Pushing False Covid-19 Claims December 21, 2021 By Heather Hollingsworth They have decried COVID-19 as a hoax, promoted unproven treatments and pushed bogus claims about the vaccine, including that the...
Ransomware Attacks Not High-Profile or Front Page News But Still Happening Frequently December 21, 2021 By Eric Tucker and Alan Suderman In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs...
Regulators Warn of Climate Change, Stablecoins as Systemic Financial Risks December 21, 2021 By Pete Schroeder Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early...
People Moves: Chubb Changes Commercial P/C Leadership; BHSI Promotes Meyer in Life Sciences; AIG Adds Hunter to ESG; J.D. Power Hires Ellingsworth December 20, 2021 Chubb Bolsters Leadership in its North America Commercial P/C Businesses Chubb has changed the leadership in its North America commercial...
EPA Releases $1 Billion to Clean Up Toxic Waste Sites in 24 States December 20, 2021 By Michael Rubinkam Nearly 50 toxic waste sites around the U.S. will be cleaned up, and ongoing work at dozens of others will...
Infrastructure Investment Package Expected to Boost Surety Market: AM Best December 20, 2021 The recently enacted $1.2 trillion U.S. infrastructure package is expected to result in more business opportunities for surety companies given...