News
French Reinsurer SCOR Generates Substantial Q2 Net Profit
French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet ...
W.R. Berkley Rate Increases Fuel Robust Q2 Net Income and Premiums Written
Rate increases are a big factor behind W.R. Berkley Corp.'s mostly stellar Q2, with the insurer and reinsurer reporting a robust jump in net income, net investment income and premiums written. ...
A Hardening P/C Insurance Market Has Accelerated and Gone Global: Chubb CEO Greenberg
It is becoming increasingly clear that a hardening property/casualty insurance market has accelerated and gone global after initial signs first materialized earlier in 2019, Chubb Chairman and CEO ...
Facebook Agrees to Pay Record $5B to Settle Privacy Violation Claims
Facebook Inc. agreed to pay a record $5 billion to resolve a U.S. investigation into years of privacy violations, a settlement that increases the board of directors' responsibility for protecting ...
The Latest Launches From Hiscox, Roost and AXA XL
Hiscox has a new security product designed to help protect shipping targeted by nation states. A small carrier in North Dakota will start offering home telematics products from Roost. AXA XL's U.S. ...
Hippo Pulls in $100M Financing Round; Broader U.S. Expansion Planned
Hippo Insurance said it has secured a $100 million financing round that will help propel a broader U.S. expansion of its super-quick online homeowners insurance. Global technology investment firm ...
Europe Braces For Second Historic Heatwave
Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest ...
Equifax Customers Will Struggle to Get Claims Properly Addressed
Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a ...