Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16% February 22, 2024 By Mathieu Rosemain France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing...
China Cargo Ship Smashes Through Bridge Sending Vehicles Into River: Reports February 22, 2024 By Bloomberg News A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died...
Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024 February 22, 2024 Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25%...
Slumping EV Prices Force Carmakers to Repay Leasing Firms February 22, 2024 By Elisabeth Behrmann and Wilfried Eckl-Dorna Carmakers have begun compensating leasing companies for the sliding value of used electric cars as Tesla Inc.’s price cuts rip...
Russia’s LockBit Disrupted But Not Dead, Hacking Experts Warn February 22, 2024 By Jordan Robertson and Ryan Gallagher Two arrests. Twenty-eight servers seized. And 1,000 decryption keys obtained that can help hacking victims worldwide get their data back....
Georgia Sheriff’s Chief Aide Resigns After Indictment on Auto Insurance Fraud February 22, 2024 The former chief of staff for an Atlanta-area sheriff has resigned after he was indicted on auto insurance fraud charges....
Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth February 22, 2024 By William Rabb When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it...
People Moves: Belinn Joins Alliant Insurance Services’ Employee Benefits Group February 22, 2024 Anne Belinn joined Alliant Insurance Services as a vice president within its employee benefits group. Belinn will provide employee benefits...
ANALYSIS: Trump’s Appeal of Civil Fraud Verdict May Hinge on ‘No Victims’ Defense February 22, 2024 By Jack Queen Donald Trump’s planned appeal of a $355 million judgment against him in his civil fraud case may focus on the...