RMS: Less Than $2B in Insured Losses From Hurricane Nicole
Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion.
Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity of flooding and wildfires, insurers and risk ...
Counting the Rising Cost of Climate Change: The Most Costly Natural Disasters
Tech Bytes: New Partnerships at TrustLayer, Convelo, TNEDICCA
TrustLayer and Tarmika, an Applied company, announced a partnership in an effort to better enable businesses to close coverage gaps on demand. The partnership integrates TrustLayer's insurance ...
Goldman Sachs Paid Over $12M to Bury Partner’s Claim of Sexist Culture
Goldman Sachs Group Inc. paid out well over $12 million to a veteran executive who complained internally about a toxic workplace for women in the highest echelons of Wall Street's most prestigious ...
Florida’s Citizens Revises Ian Loss Estimate to $3.8B, Including Litigation Expenses
Direct losses, litigation and other expenses from Hurricane Ian will reach $3.8 billion for Florida's Citizens Property Insurance Corp., but that's still below the threshold that would trigger an ...
New CUO Appointments at QBE NA, RenRe
QBE North America and RenaissanceRe both announced new chief underwriting officer appointments recently. At QBE NA, Laura Coppola joins the company with more than 25 years of technical underwriting ...
Skyward Specialty Going Public
Skyward Specialty Insurance Group Inc. in Houston, Texas, filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of ...
UPC Reports $173M Loss for Q3, Begins Personal Lines Non-Renewals Jan. 1
The parent company of United Property & Casualty Co., already working to close up shop in Florida and other states after years of financial setbacks, reported a $173 million net loss for the ...
AI Algorithms, Return-to-Office Rules Seen Boosting ADA Claims
Technological innovations and changing work arrangements brought on by the COVID-19 pandemic are among some of the emerging issues that can make employers vulnerable to discrimination lawsuits, a top ...