News
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the company following the completion ...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best
Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance ...
California Taps Highway Patrol to Fight Retail Theft During Holiday Season
The state of California has launched an organized retail crime crackdown as the holiday season begins. Governor Gavin Newsom announced that the California Highway Patrol (CHP) will increase efforts ...
Triple-I: CSU’s Forecast for an Above-Average 2023 Atlantic Hurricane Season Accurate
Colorado State University's (CSU) July and August 2023 Atlantic hurricane season forecasts, calling for "above-average" activity, proved to be accurate as the season concluding tomorrow was ...
Amazon Offers Corporate Customers Chatbot, Indemnification for Cloud Service Use
Amazon is trying to lure big corporate customers to it AWS cloud computing service with a new chatbot for businesses, and by offering to guard them against legal and reputational damage that can come ...
3M, DuPont Defeat Massive Class Action Over Forever Chemicals
A U.S. appeals court on Monday handed 3M, Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called "forever chemicals" a big win in their fight against legal ...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The ...
‘A Great Partner’: Berkshire Hathaway Vice Chair Munger Dies at 99
Berkshire Hathaway released a brief statement late Tuesday announcing the death of Vice Chair Charlie Munger. "Berkshire Hathaway could not have been built to its present status without Charlie's ...