News
Swiss Re Expects Approximately $1 Billion in Q4 Cat Claims
Swiss Re estimates it will pay claims of approximately $1 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane ...
U.S. Slaps Charges Onto Several, Alleging SEC Hacking Scheme
U.S. authorities on Tuesday charged several individuals and companies in a scheme to trade on information in nonpublic corporate press releases by hacking into a U.S. Securities and Exchange ...
Moody’s Boss Fired for Retaliating Against Female Co-Worker Wins $1.8M, Job Back
A Moody's Corp. managing director fired for lashing out at a junior co-worker who criticized his team's work won his Paris job back and a 1.6 million-euro ($1.8 million) payout. Moody's French unit ...
Executives On The Move at Chubb, RLI and OneBeacon
A newly promoted Chubb executive gains additional responsibilities in the Asia Pacific region. OneBeacon Insurance Group has a new president of its Management Liability business unit. RLI Corp. ...
High-Net-Worth Insurer Berkley One Expands, Debuts Flood Cover in Select Markets
W.R. Berkley Corp.'s Berkley One is expanding into two more states and launching its flood insurance cover in new markets. Berkley One, an ultra-high-net-worth personal lines insurance brand, is now ...
Alphabet Board Sued, Accused of Allegedly Covering Up Sexual Misconduct Claims
Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc. of playing a direct role in covering up sexual misconduct claims against two former executives over the last ...
2018 Catastrophes Made ‘Muted Impact’ on Jan. 1 Renewals: Guy Carpenter
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
‘Potentially Crushing’ Wildfire Liabilities Force California Utility to Prepare Bankruptcy Filing
PG&E Corp, owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially ...