Industry News
Tech Bytes: New Partnerships at OneShield, FCCI Insurance Group, NeuralMetrics
OneShield has announced a strategic partnership with digital experience platform Airkit Inc. Airkit's templated insurance products give OneShield clients the capability to implement applications that ...
Executives on the Move at The Hartford, Fortitude Re
The Hartford has named Tracey Ant head of Middle & Large Commercial Business Units effective Jan. 1. In this newly created role, she will oversee all Middle & ...
Can More Rigorous Accounting Lead to Fewer Workplace Injuries?
Businesses that want to make their workplaces safer might try adopting a more rigorous accounting system, according to a new study that found a link between a firm's ...
Insurer AIG Profit Slumps As Investment Income Falls
Insurer American International Group on Tuesday reported a more than 39 percent decline in quarterly profit as investment income fell by more than $1 billion and losses from Hurricane Ian pushed up ...
GEICO Faces California Class Action Claiming It Overcharged for Car Insurance
A federal judge on Monday said a lawsuit accusing GEICO Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic ...
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart?
Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook on the economy. Some leaders even reported feeling very prepared heading ...
Florida Cat Fund May Borrow Billions Next Year, Even Without Another Storm
The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean ...
Q3 Net Income Down 30% at The Hartford; $214M in Ian Losses
Compared to the same window last year, net income at The Hartford was down during the third quarter of 2022 — but core earnings were up during what the company's CEO ...
‘Quiet Quitting’ Surges in U.S. Financial Services as It Gains Steam Across Sectors
The viral "quiet quitting" trend is taking hold in finance — once the industry with the most engaged workers, according to a new study.