News
U.S. Offers States $1.15B to Clean Up Abandoned Oil and Gas Wells
The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and ...
Greenlight Re Innovations Gets Approval to Launch Lloyd’s Syndicate
Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received "in-principle" approval from Lloyd's to establish an InsurTech-focused syndicate. ...
Triple-I Partners With HBCU IMPACT to Recruit Black Talent Into Industry
The Insurance Information Institute (Triple-I) and the HBCU IMPACT Initiative have partnered for a career-building campaign aimed at recruiting students at historically Black colleges and ...
Predictive Analytics, AI Are Helping Insurers Fight Fraud
Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by ...
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 ...