News
AIG Names Purtill Permanent CFO as Fitzsimons Steps Down
American International Group announced that Sabra Purtill, who has served as interim chief financial officer since January 2023, has been named to the role on a permanent basis, effective ...
Viewpoint: Why Activists Should Rethink Hard Insurance Exits From Fossil Fuel Underwriting
Insurers play an important role in helping protect families, businesses and communities as our economy transitions to a greener energy future. However, those protections are coming under increased ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Vortex Insurance Offers Supplemental Hurricane Coverage for Businesses
Vortex Insurance launched a new insurance program giving businesses the ability to purchase supplemental hurricane insurance for areas of the U.S. threatened by hurricanes. Unlike traditional ...
Fitch: U.S. Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
With ample capital, Fitch Ratings' latest annual 'U.S. Hurricane Season' report indicates U.S. property and casualty (P/C) insurers and reinsurers can absorb losses if a large hurricane makes ...
U.S., Other Nations Name ‘Lockbit’ Digital Gang Top Ransomware Threat
The United States and six other countries identified the digital extortion gang operating under the "Lockbit" banner as the world's top ransomware threat. In a joint advisory issued last week, U.S., ...
Rising Rent Pushes Eviction Filings 50% Higher Than Pre-Pandemic Average
Entering court using a walker, a doctor's note clutched in his hand, 70-year-old Dana Williams, who suffers serious heart problems, hypertension and asthma, pleaded to delay eviction from his ...
Reinsurance Execs Take on Extreme Challenge
Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii as part of the "World's Toughest Row – Pacific." It's all for charity—and, of course, for ...
Consumers Choose Automated Safety Over Self-Driving Technology
Car buyers seek advanced driver assistance systems (ADAS) to enhance driver safety when purchasing new cars, with the expectation the system will be standard in new luxury and mainstream vehicles. ...