Industry News
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the ...
Hacker Claims Breach of FBI’s Critical-Infrastructure Portal
A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more than 80,000-member database of InfraGard, an FBI-run outreach program that shares ...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black policyholders versus claims from white ...
Safety Probe Opened Into Autonomous Driving System in GM’s Cruise Vehicles
Auto safety regulators in the U.S. have opened a formal safety probe into the autonomous driving system in vehicles produced by General Motors' robotaxi unit Cruise LLC. The National Highway Traffic ...
Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere ...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz
Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions, a slowdown in M&A activity, as well as an influx of new ...
Munich Re U.S. CEO Kuczinski to Retire at Year’s End
Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re U.S. P&C Companies and of Munich Re U.S. Holding Inc., effective Dec. 31, ...
Tech Bytes: New Partnerships at CCC, Carpe Data, Insurity
CCC Intelligent Solutions Inc., a software-as-a-service platform for the property/casualty insurance industry, introduced the CCC First Party Claim Portal, a digital capability aiming to streamline ...