News
Fitch: Financial Performance Influenced by P&C Company Ownership Structures
Balance sheet risks and financial performance vary depending upon property and casualty insurers' ownership structure, according to a special report by Fitch Ratings. Material differences in ...
J&J Fails Again in Effort to Resolve Talc Lawsuits in Bankruptcy
A U.S. judge on Friday shot down Johnson & Johnson's second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement ...
Public Companies Must Disclose Data Breaches Within 4 Days Under New SEC Rule
The Securities and Exchange Commission adopted rules Wednesday to require public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines. Delays will be ...
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh
Global commercial insurance pricing rose 3 percent in the second quarter of 2023, down from 4 percent in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber ...
New Ethical AI Consortium Launched
Three digital technology providers announced the launch of the Ethical AI in Insurance Consortium as a means to help guide the insurance industry toward a responsible and ethical future using AI. ...
Catastrophe Losses Cause CNA Financial to Miss Q2 Profit Estimates
Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty segment partially offset higher investment income. Profits at insurers ...
Automated System Recommended for Railroad Track Flaws to Prevent Future Derailments
Federal investigators renewed their recommendation that major freight railroads equip every locomotive with the kind of autonomous sensors that could have caught the track flaws that caused a fatal ...
Hard Market Game Refuses to End: Arch Capital CEO
Drawing analogies to an epic tennis match and the hands of a clock, the leader of Bermuda-based Arch Capital declared the current hard market one of the longest the P/C industry has ever experienced. ...