Risk
Climate Change Could Increase Turbulence On Your Next Transatlantic Flight
Keeping your seat belt buckled for the duration of Transatlantic flights increasingly looks like a good idea, according to a study of weather systems. The research by meteorologists at the University ...
Data Science Startup DataCubes Is Ramping Up Carrier Partnerships
InsurTech DataCubes raised its first funding round of $2.5 million just under two years ago and continues on a growth trajectory today. (Hint: more fundraising is planned in the near future.) The ...
Liberty Mutual’s Sweeney Undaunted by Emerging Market Challenges
A Liberty Mutual executive said the insurer is following closely the emerging economic and trade turmoil in Europe, Asia and other emerging markets, but that the impact of those issues is relatively ...
California Utility Loses $2.6B Due to Wildfires and Bankruptcy
PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this year tied to wildfires that devastated the state in 2017 and ...
Appeals Court Rejects Facebook’s Attempt to Halt Facial Recognition Class Action Lawsuit
A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their ...
Executives On The Move at Fairfax Financial Holdings, Travelers and Alliant Insurance Services
Fairfax Financial Holdings Ltd. appointed a new chief financial officer. The Travelers Companies, Inc. named two executives as Co-Chief Investment Officer. Alliant Insurance Services hired an outside ...
AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Talks Operational Overhaul
AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer's ongoing efforts to shed excessively risky business. "We are ...
New Aviva CEO Starts Turnaround Efforts; Asia Unit’s Options Still on Table
Aviva Plc confirmed it's examining options for its Asian business as new Chief Executive Officer Maurice Tulloch's turnaround of the U.K.'s only insurance conglomerate takes shape. The firm confirmed ...