Industry News
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 ...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure ...
Leadership Changes at The Hartford, Markel
The Hartford said it will head into 2024 with new heads of commercial and personal lines and announced additional leadership changes. Markel announced that president of global insurance operations is ...
Insurance, Finance Workers to See Biggest AI Impact in London: UK Report
Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial intelligence, a new UK government report found, urging changes in ...
Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise
The same conservative activists who helped gut race-related college admissions at the U.S. Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and ...
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the company following the completion ...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best
Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance ...
3M, DuPont Defeat Massive Class Action Over Forever Chemicals
A U.S. appeals court on Monday handed 3M, Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called "forever chemicals" a big win in their fight against legal ...