News
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure ...
NOAA: 2023 Atlantic Hurricane Season Ranks 4th for Most-Named Storms
Ending on Nov. 30, the 2023 Atlantic hurricane season saw 20 named storms, ranking fourth for the most-named storms in a year since 1950, the National Oceanic and Atmospheric Administration (NOAA) ...
U.S. Agencies Calling for Extended Cockpit Voice Recording Data to Boost Safety Probes
The Federal Aviation Administration (FAA) on Thursday said it is proposing to extend the cockpit voice-recording requirement to 25 hours for all new airplanes from the current two-hour loop. The ...
Genpact Working With AWS, Amazon Business to Reduce Insurance Claims Life Cycle
Amazon Web Services (AWS) and Amazon Business are tapping global professional services firm Genpact for its generative AI to enhance claims management. Leveraging its claims management expertise as ...
Leadership Changes at The Hartford, Markel
The Hartford said it will head into 2024 with new heads of commercial and personal lines and announced additional leadership changes. Markel announced that president of global insurance operations is ...
Insurance, Finance Workers to See Biggest AI Impact in London: UK Report
Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial intelligence, a new UK government report found, urging changes in ...
Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise
The same conservative activists who helped gut race-related college admissions at the U.S. Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and ...
Edmunds: GM Super Cruise Leads in Hands-Free Driving Systems
While fully automated vehicles are still a ways off, the stepping stone of hands-free driving technology has become prevalent in the past few years. These assist systems allow drivers to take their ...