U.S.
Texas Hailstorms Fueled Allstate’s $633M Pre-Tax April Catastrophe Losses
Allstate reported $633 million in estimated pre-tax catastrophe losses for April, more than half of which came from three days of severe hailstorms in Texas. After taxes, the number comes in at $411 ...
U.S. Cyber Officials Doubt Govt. Can Detect Cyber Attack in Progress
A majority of senior federal cyber officials responding to a survey said they don't think the U.S. government can detect cyber attacks while they're under way. Cyber security officials from the ...
Radian CEO Ibrahim to Retire After Leading Mortgage Insurer Since 2005
Radian Group Inc., the second-largest U.S. mortgage insurer, said Chief Executive Officer S.A. Ibrahim will step down at the end of next year after steering the company through the financial crisis ...
RMS: $77B of San Francisco Property at Risk From Sea-Level Rise by 2100
By the year 2100, up to $77 billion of property in San Francisco will be at risk from sea-level rise, according to an analysis from global catastrophe risk management firm RMS. The analysis found ...
Egan Cuts Ties with Reinsurance Venture Partner Oaktree Capital
Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar ...
Aspen Designates New Insurance, Reinsurance CEOs as Vitale Discloses Retirement
Bermuda-based Aspen Insurance Holdings Ltd. is naming new leaders for its insurance and reinsurance segments after one executive retired and the other got a promotion. The executive changes come as ...
30% of Businesses Lack Cyber Insurance: HSB Survey
Half of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam ...
SCOTUS Surprises Force Companies to Rethink Class Action Strategy
Lawyers for companies trying to fend off costly class action lawsuits are rethinking longstanding legal strategies after businesses lost two key U.S. Supreme Court cases as well as their staunchest ...