AIG Fires Interim CFO Lyons
AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he "violated his confidentiality/non-disclosure obligations," the company said.
A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients.
Key elements of the facility ...
WTW Launches Cyber Facility, Providing Excess Capacity Globally
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
The most challenging January reinsurance renewals in nearly two decades saw global property-catastrophe rate increases of 25-60 percent, with loss-affected clients facing ...
AI Wildfire Detection Bill Gets Approval in Colorado
A year after the most destructive wildfire in the state's history scorched nearly 1,100 homes, Colorado lawmakers are considering joining other Western states by adopting ...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
When it comes to climate impacts, the front line of the finance industry is insurance. Last year's payout from damages caused by extreme weather events totaled $120 ...
Tesla, Insurers Address Expensive Repairs in Sharply Different Ways
Tesla Inc.'s electric vehicles are expensive to repair — so much so that the automaker and insurers are addressing the issue in sharply different ways.
Chief Executive ...
Progressive Puts Targeted 96 Combined Ratio in the Books for 2022
In a report on financial results for the month of December, which was published on Tuesday, Progressive revealed that the company met its frequently stated goal of posting a 96 combined ratio again ...
Cowbell Launches eLearning Academy Dedicated to Cyber Insurance
Cyber insurer Cowbell on Wednesday announced the launch of Cowbell Academy, a new institution that offers insurance agents and brokers lessons on cyber insurance.
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon. Late last year, the leader of a Bermuda insurance company specializing in coverage for emerging sectors, including the digital asset ecosystem and companies working in ...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
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