News
Update: Jamaica Catastrophe Bondholders Now Face Full-Trigger Event
Investors in Jamaica's catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa. That's ...
AI Investments Are Top Priority; Hourglass Workforce Structure Takes Shape: Insurance CEO Survey
"We are very bullish on AI, and we're leaning into it." That's how Alan Schnitzer, chief executive officer of Travelers, responded to a recent question from an investment analyst who wanted specifics ...
‘Slow Down, Move Over’ Laws Add Confusion, Increase Risk to Emergency Responders
Despite "Slow Down, Move Over" (SDMO) laws designed to prevent emergency responder injuries and deaths, a new study from the AAA Foundation for Traffic Safety (AAAFTS) finds that confusion about the ...
GEICO, Daimler Launch Connected Insurance Program for Truck Fleets
Daimler Truck Financial Services USA LLC (DTFS), the captive finance partner of Daimler Truck North America LLC, and GEICO announced the launch of Connected Insurance, a new data-driven insurance ...
UN Cybercrime Treaty Will Focus on Global Offenses
A landmark U.N. cybercrime treaty, aimed at tackling offenses that cost the global economy trillions of dollars annually, is set to be signed in Vietnam's capital, Hanoi, by around 60 countries over ...
Jury Finds NCAA Owes $18M to Former Football Player, Wife in Concussion Lawsuit
The NCAA owes a former college football player and his wife $18 million, a South Carolina jury decided while finding college sports' major governing body negligent in failing to warn the player about ...
Everest Refocusing as Reserve Charge Hits Earnings; Buying $1.2B ADC
Bermuda-based Everest Group, Ltd. published three announcements yesterday—one detailing a third-quarter income decline, and others describing actions to sharpen the company's focus on its core ...
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Biz Worth $2B
American International Group said yesterday that it has a definite agreement to acquire the renewal rights of Everest Group's retail commercial insurance business. Everest will focus on its ...