News
Everest Refocusing as Reserve Charge Hits Earnings; Buying $1.2B ADC
Bermuda-based Everest Group, Ltd. published three announcements yesterday—one detailing a third-quarter income decline, and others describing actions to sharpen the company's focus on its core ...
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Biz Worth $2B
American International Group said yesterday that it has a definite agreement to acquire the renewal rights of Everest Group's retail commercial insurance business. Everest will focus on its ...
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 ...
Employees With Positive Leave Experience 75% More Likely to Stay at Job 5+ Years
A new report finds that a positive leave experience boosts employee morale and loyalty, according to Guardian Life Insurance Company of America. According to "The Employee Leave Experience," ...
Exxon Mobil Sues California Over Climate Disclosure Laws
Exxon Mobil sued California on Friday, challenging two state laws that require large companies to disclose of their greenhouse gas emissions and climate-related financial risks. In a complaint filed ...
Recovery Unlikely for Jewels Stolen From the Louvre Museum
Just days after a stunning heist at the Louvre Museum in Paris, speculation is growing around where the lavish, stolen jewels that once adorned France's royals might end up. A handful of experts warn ...
Verisk Offers Insurers a Standardized Pet Insurance Program
Insurance data and technology firm Verisk has released a pet health insurance program offering U.S. insurers a standardized pet insurance program. Verisk's new ISO Pet Insurance Line of Business ...
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud
GEICO is taking aggressive action against medical firms in Florida and New York, accusing them of leading multimillion-dollar, no-fault auto insurance fraud schemes. In a lawsuit filed this month in ...
Conservative Activist Sues Google Over AI-Generated Statements
Conservative activist Robby Starbuck sued Google on Wednesday, alleging the tech giant's artificial intelligence systems generated "outrageously false" information about ...