Industry News
McKinsey Creates New Ethics Role After $641 Million Opioid Fallout
McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP "turbocharge" opioid sales. The management consulting giant is ...
U.S. Slips in Supply-Chain Ranks After Child-Labor Violations
The U.S. has joined a list of mostly emerging-market countries where ESG supply-chain risks are "high," after the world's richest economy failed to provide adequate protections for vulnerable ...
Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity
Rapidly melting glaciers in Asia's Hindu Kush Himalayan region — home to the world's highest mountains — are threatening the lives and livelihoods of as many as two billion people downstream, ...
AIG Names Purtill Permanent CFO as Fitzsimons Steps Down
American International Group announced that Sabra Purtill, who has served as interim chief financial officer since January 2023, has been named to the role on a permanent basis, effective ...
Vortex Insurance Offers Supplemental Hurricane Coverage for Businesses
Vortex Insurance launched a new insurance program giving businesses the ability to purchase supplemental hurricane insurance for areas of the U.S. threatened by hurricanes. Unlike traditional ...
Fitch: U.S. Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
With ample capital, Fitch Ratings' latest annual 'U.S. Hurricane Season' report indicates U.S. property and casualty (P/C) insurers and reinsurers can absorb losses if a large hurricane makes ...
Reinsurance Execs Take on Extreme Challenge
Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii as part of the "World's Toughest Row – Pacific." It's all for charity—and, of course, for ...
IIHS: Subaru Bicycle Detection Tech Shows Promise
Subaru's EyeSight crash avoidance system reduced crashes with bicyclists traveling parallel to the road but was only modestly successful in reducing crashes with bicycles overall, a new study from ...