News
Risk Alerts: E-Bike Batteries, Underground Coal Fires, Tesla Hack
In early January, an e-bike's battery burst into flames while charging in a Bronx restaurant, starting a four-alarm fire that drew more than 150 first responders and left one firefighter seriously ...
White House Unveils Plan to Strengthen Cybersecurity for Water Utilities
The White House on Thursday unveiled a plan to beef up cybersecurity in the nation's water sector, an extension of its efforts to thwart attacks against critical infrastructure including electricity ...
Great American Announces Leadership Succession Plans
Great American Insurance Group announced that David L. Thompson Jr. has been named president and chief operating officer of Great American's Property & Casualty Group, effective Feb. 1, 2022. ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
RenRe: Absorbing Over $1B in Weather Cats
Early last year, the leader of RenaissanceRe predicted that his company would put $1 billion more net written premium on the books in 2021 than it did in 2020. RenRe's President and CEO Kevin ...
AXIS Capital 2021: A Year of Repositioning
The word of the hour was "repositioning" during the earnings conference call for AXIS Capital last week, with the company reporting its bottom line in the black in 2021, following a net loss in 2020. ...
RLI: 26 Straight Years of Underwriting Profit
RLI's 2021 fourth-quarter represented Chairman Jon Michael's last quarter at the helm of the specialty insurer as chief executive officer. Craig Kliethermes, who took the reins as president and CEO ...
Ascend Raises $30M Series A, Secures $250M Lending Commitment
Insurance payments platform Ascend raised $30 million in Series A equity funding, bringing its total funding raised to $39 million along with a $250 million lending commitment to finance insurance ...