News
U.S. SEC Gives Public Until June 17 to Weigh In on Climate Risk Proposal
The U.S. Securities and Exchange Commission (SEC) on Monday extended until June 17 the period for public comment on its landmark proposal to require U.S.-listed companies to disclose a range of ...
Face-Scanner Clearview Agrees to Limits in Court Settlement
Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people's photos without their consent. The ...
Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino
AIG CEO Peter Zaffino during the company's most recent earnings call provided analysts with some insight regarding insurance implications from Russia's invasion of Ukraine. "We have not seen a ...
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74 percent to over $4.8 billion, according to a report from Fitch ...
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes
After receiving a number of concerned comments, S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers and reinsurers. For the ...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz
Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & ...
Secrecy Over Condition of U.S. Dams Tied to Security Concerns, Missing Data
Americans wondering whether a nearby dam could be dangerous can look up the condition and hazard ratings of tens of thousands of dams nationwide using an online database run by the federal ...
Financial Services Firms Face Losses of $225B From Variety of Water Risks
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental ...