Industry News
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson's Baby Powder – and she's pursuing a ...
Analysis Shows $7.7B in Losses From Extreme Heat Events in California
The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner Ricardo ...
Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents' increasing demand for protection -- in both property and casualty, ...
Former USAA CEO Robles, 78, Dies
Former USAA chief executive officer Josue "Joe" Robles Jr., 78, died July 4. In a post to X, the company said: "Joe was a soldier at his core, and his service included multiple deployments and ...
Howden Re, Moody’s Launch Analytics Talent Exchange Program
A three-month, reciprocal, early career talent exchange program was jointly launched by Howden Re, the reinsurance and risk advisory arm of Howden, and Moody's. The program centers on the exchange of ...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics
Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims. Insurers faced losses after the ...
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
It's not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of ...
Beryl Lands in Texas; Record Storm Spawns ‘Early Warning’ for Insurers
Although Beryl was still a tropical storm on Sunday, late day National Hurricane Center advisories put it on track to make landfall on the middle Texas coast early Monday, possibly regaining strength ...