Industry News
As Ransomware Attacks Rise, U.S. Bank Regulator Urges Vigilance
A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report ...
Fitch Predicts Double-Digit Rate Increase for Property Cat Reinsurance in 2022
Fitch Ratings predicts reinsurance rates will increase by more than 10 percent in catastrophe-related lines of business for January 2022 renewals, which supports the improving sector outlook for ...
Diversity a Big Part of Post-Pandemic Hiring: III Joint Industry Forum
Victor Terry has a simple tip for insurers hiring new, younger employees: They don't have any particular desire to fit in. "Gen X, which I am a part of, [has] learned how to figure out how to ...
U.S. SEC Investigating Tesla Over Whistleblower Claims on Solar Panel Defects
The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks ...
Executives On The Move at CNA, White Mountains and ClearPath Mutual
CNA, White Mountains Insurance Group and ClearPath Mutual have all named new chief financial officers. *** CNA announced the appointment of Scott Lindquist as executive vice president and chief ...
Insurers Passed the Pandemic Test: III CEO Kevelighan
Over the last two years of the coronavirus pandemic, property/casualty insurers have been rigorously put to the test in multiple ways. According to Insurance Information Institute CEO Sean ...
P/C Insurers Face ‘Massive’ Political Risks in 2022: III Joint Industry Forum
Property/casualty insurers head into 2022 facing "massive" political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery ...
China Starts Letting Insurers Lend Securities, Possibly Boosting Short Selling
China on Friday authorized its insurers to take part in securities lending, potentially boosting short-selling activities in the country's stock and bond markets. Chinese banks, brokerages and mutual ...