Markets
Executives On The Move at PURE and CNA
The PURE Group of Insurance Companies promoted two executives to lead its claims and risk management divisions. CNA appointed a former AIG executive to the newly created position of senior vice ...
Even With Few May Tornadoes, U.S. Storms Still Packed a Punch: Impact Forecasting
Fewer than 450 tornadoes were reported in the U.S. this year as of June 1 — an historic low going back to 1950 — but a handful of severe weather outbreaks still caused problems in May, according ...
Calif. Utility Risks Criminal Charges for Devastating Wildfires
Late Friday, California confirmed what many across the state's devastated wine country had suspected for months: Equipment owned by utility giant PG&E Corp. ignited some of the deadliest and most ...
Zurich Insurance Acquires Minority Stake in CoverWallet
Zurich Insurance Group acquired a minority stake in CoverWallet, a digital business insurance agency startup. CoverWallet, which launched in 2016, disclosed the investment, which it said builds on a ...
Tesla Shareholders Sue to Rescind Musk’s Pay, Overhaul Board
Elon Musk's multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law ...
Yahoo Must Make Privacy Changes in EU Due to Massive Data Breach
Yahoo's European regulator has ordered it to make privacy changes following a probe into what it said was one of the largest ever data breaches to impact EU citizens. Yahoo, most of whose assets were ...
Ryan Specialty Group Launches Reinsurance MGU RyanRe
Ryan Specialty Group LLC is expanding its managing underwriting strategy with the launch of reinsurance managing general underwriter RyanRe Underwriting Managers, or RyanRe. Working through ...
10 Ways Insurers Make Significant Economic and Social Impacts: I.I.I.
Insurers, more than just protecting against financial loss, are key ingredients for economic growth and community preservation, the Insurance Information Institute argues in a new white paper. ...