Industry News
PartnerRe Getting New CFO, First-Ever Chief Operations Officer
Some executive leadership changes are coming to global reinsurer PartnerRe. Executive Vice President and Chief Financial Officer Mario Bonaccorso plans to retire on March 31, 2020 to pursue a new ...
EU Warns Next-Gen 5G Networks Present Increased Cybersecurity Risks
The European Union warned on Wednesday of the risk of increased cyber attacks by state-backed entities but refrained from singling out China and its telecoms equipment market leader Huawei ...
Climate Change Fallout: FEMA May Have to Buy Millions of Flood-Prone Homes
As the climate crisis worsens, more Americans will be forced from their homes. Many won't be able to afford it, and the U.S. isn't prepared for a massive, government-subsidized migration away from ...
Travelers Joins Two Groups Focused on Advancing Automated Vehicle, Driver Assistance Tech
The Travelers Companies, Inc. said it has joined two groups focused on advancing research and public information about automated vehicle and driver assistance technologies. They are the Advanced ...
London Company Market Premiums Surpass 8 Percent Growth in 2018
Gross written premiums written by the London company market have increased by 8.1 percent to $34.7 billion in 2018, according to a report published by the International Underwriting Association ...
California Forced Blackout Spreads; Economic Impact Could Reach $2.6B
The unprecedented power shutdown by California's PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major ...
No-Deal Brexit Risks Throwing Billions of Data Transfers Into Legal Limbo
If Britain hasn't secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of ...
AAIS Working Groups Seek to Broaden Industry Use of Blockchain Platform
The American Association of Insurance Services is trying expand the use of its blockchain platform across different segments of the property-casualty insurance industry. AAIS, a non-profit insurance ...