Markets
Insurers Challenged by ‘New Normal’ of Calif. Wildfires: A.M. Best
The 2019 California wildfire season has not been as active as the record-breaking 2017-2018 seasons, but A.M. Best warns that a "new normal" trend of severe wildfires continues to challenge insurers, ...
J&J’s Own Expert, While With FDA, Found Asbestos in Baby Powder
Ever since Johnson & Johnson disclosed this month that a government test had turned up asbestos in its Baby Powder, the company has attacked the validity of the result. On Tuesday, for example, ...
Facebook Pays Tiny UK Fine Over Cambridge Analytica Scandal
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights ...
$110B: The Potential Cost of a Cyber Attack on Asia’s Ports
A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd's of London-backed report said on Wednesday. Cyber insurance ...
Chubb Soars Even as Q3 Net Income Takes a Hit
Chubb is reporting a banner 2019 third quarter, but the company took a dent in its net income largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion, ...
Microsoft: Russia-Linked Hackers Are Targeting Sports Organizations
Microsoft Corp said it has tracked "significant" cyber attacks coming from a group it calls "Strontium" or "Fancy Bear," targeting anti-doping authorities and global sporting organizations. The ...
Performance of Carmakers’ Pedestrian Detection Systems Varies Widely: IIHS
The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians ...
Executives On The Move at Beazley, Ascot and Chisel AI
Beazley hired two new executives charged with beefing up its U.S. commercial insurance operations, and a third focused on medical professional liability risks. Ascot appointed two individuals who ...