Fitch Downgrades Allstate’s IFS Ratings to ‘A’ May 23, 2023 Citing declines in statutory capital and poor underwriting results in personal auto, Fitch Ratings has downgraded the insurer financial strength...
World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study May 23, 2023 The world’s ‘carbon majors’ in the energy, utilities and mining sectors face the biggest share price hit when climate-related lawsuits...
U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico May 23, 2023 By Daina Beth Solomon and David Lawder U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire...
Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years May 23, 2023 Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the...
Over 30 Million Drivers at Risk of Dangerous Airbag Blast During Collision May 23, 2023 By Tom Krisher More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators...
Karen Clark Report Shows Just What Failed in Ian, Making it Florida’s Costliest Storm May 23, 2023 By William Rabb A granular look at the most expensive hurricane in Florida’s history, written by respected catastrophe-modeling firm Karen Clark & Co.,...
Fired New Mexico Archaeological Official Sues Governor, Others May 23, 2023 The former director of the New Mexico Office of Archaeological Studies is suing state officials, saying his race and gender...
University Employees Say They Were Fired for Using ‘He/Him,’ ‘She/Her’ in Emails May 23, 2023 By Bobby Caina Calvan Shua Wilmot and Raegan Zelaya, two former dorm directors at a small Christian university in western New York, acknowledge their...
AIG to Sell Validus Re to RenRe in $3B Deal May 23, 2023 By Chad Hemenway American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings...
Swiss Re Becomes Fourth Insurer to Leave Net Zero Group May 23, 2023 By Alastair Marsh Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some...