Senate Leader Schumer Urges Federal Safety Probe into Freight Railroads
U.S. Senate Majority Leader Chuck Schumer on Wednesday urged the National Transportation Safety Board to launch an investigation into safety practices of all seven major ...
Industry News
Government’s SVB Intervention Saved Insurers From Significant D&O Claims
Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture ...
China’s Ping An Insurance Reports 17.6% Drop in 2022 Profit
Ping An Insurance Group Co. of China Ltd., China's largest insurer by market value, reported a 17.6 percent drop in its 2022 annual net profit on Wednesday due to a slump ...
Insured Losses From New Zealand Floods Estimated at $1.02B, With Profit Hit Expected
The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent ...
Tech Bytes: New Partnerships at Synatic, Artigem, Relm Insurance
Synatic, a data integration and automation provider, announced a new partnership with Ferro, a commercial property/casualty policyholder platform. The Synatic-Ferro partnership leverages data ...
What’s Happening at Fukushima Nuclear Plant 12 Years After Meltdown?
Twelve years after the triple reactor meltdowns at the Fukushima Daiichi nuclear power plant, Japan is preparing to release a massive amount of treated radioactive ...
Crash Test Dummies Need to Do Better: GAO
A recent report from the Government Accountability Office recommended the National Highway Traffic Safety Administration rethink crash test dummies to collect better data ...
Zuckerberg Was Warned on Social Media Addiction, Filing Says
Employees at Meta Platforms Inc. and ByteDance Inc. were aware of the harmful effects of their platforms on young children and teenagers but disregarded the information ...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8 percent, down from the rate of 5.2 percent in the previous quarter (Q3 2022), ...
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh
Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions (M&A).