Industry News
Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report
Most financial firms aren't assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, ...
Survey Finds Homeowners Are Putting Off Repairs, Reducing Homeowners Coverage
Many U.S. homeowners are delaying home repairs, potentially putting their property at risk of damage, according to the latest Nationwide Agency Forward survey. A quarter of the homeowners surveyed ...
The Latest Launches from QBE, At-Bay, Northland Insurance
QBE North America announced the launch of a cyber insurance program with managing general agency, Converge, acting as program administrator. The program will be broken down into two separate ...
Zurich Holding Company of America Acquires Cyber Counterintelligence Firm
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, announced the acquisition of SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats ...
NAIC Weighs Overriding Credit-Rating Companies
The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance companies. The NAIC, a consortium of state ...
Microsoft’s Role in Email Breach to Be Part of Cyber Inquiry
\A U.S. cybersecurity advisory panel will investigate malicious targeting of cloud computing environments, including Microsoft Corp.'s role in a recent breach of government officials' email accounts ...
ChatGPT Fever Spreads to U.S. Workplace, Sounding Alarm for Some
Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies ...
S&P: COOs See Biggest Changes in Insurance Executive Compensation Packages
Though COOs experienced a decline in base salary in 2023, while CEOs and CFOs saw an increase, they made up for it with higher total compensation packages, according to the latest S&P Global ...