Markets
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
Financial Market Volatility of Russia-Ukraine War Likely to Impact European Insurers
According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. ...
Parts Makers in Japan Halt Output After Earthquake
Japan's Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country's northeast, ...
Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth
According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial ...War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War
Since Russia launched a full-scale military invasion of Ukraine on Feb. 24, questions have resurfaced about the likelihood of a global cyber war. While experts say there isn't a credible threat at ...
Specialty Insurer Transformations: Forge Group Stock Offering; ProSight Rebrand
Two specialty lines insurance organizations announced different types of transformations in recent days. Amalgamated Casualty Insurance Company is becoming Forge Insurance Company, and ProSight ...
How Lloyd’s is Responding to Events in Ukraine
Russia and Belarus represent less than 1 percent of business transacted by Lloyd's of London, the commercial insurance market said, adding that it would look to curtail Russian exposure in several of ...
U.S. Issues New Safety Rule Governing Driverless Vehicles
The Biden Administration has issued a final rule intended to ensure safety of occupants in automated vehicles. This rule updates the current Federal Motor Vehicle Safety Standards to account for ...