Fitch Ratings downgraded Truist Financial’s credit rating, calling the insurance business it is selling an “important source of revenue and business diversification.
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Risk Models Behind World’s Best Hedge Fund Strategy Are Getting a Lot Harder to Crack
The best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on are getting a lot tougher to crack.
Clyde & Co: 2023 Insurance M&A Activity at Lowest Level for a Decade
Clyde & Co’s Insurance Growth Report has revealed that mergers and acquisitions (M&A) activity worldwide in the insurance sector was down in 2023, reaching the lowest level for a decade.
Agents, Brokers Achieve Record Annual Growth
The independent insurance agent and broker channel posted an organic growth rate of 10.3% for 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly Growth & Profitability study (GPS) in 2008.
Disasters Forced 2.5M Americans from Their Homes Last Year
An estimated 2.5 million people were forced from their homes in the United States by weather-related disasters in 2023, according to new data from the Census Bureau.
SEC Drops Some Emissions Disclosure Requirements from Draft Climate Rules
The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said on Thursday.
The High Cost of Car Insurance for Both Drivers and Insurers
You may have noticed that insuring your car has gotten insanely expensive. It isn’t just happening in the U.S., and it isn’t all about used-car prices either.
Common Software Vulnerabilities Predicted to Jump by 25% in 2024: Coalition
The number of software vulnerabilities – a key attack vector for cyber threat actors — continues to rise and is expected to jump by 25% to nearly 35,000 or 2,900 per month in 2024, according to a recent Coalition report.
IICF Philanthropic Roundtable Gathers Insurance Leaders for Discussions on Charitable Giving, Impact of Global Initiatives
The Insurance Industry Charitable Foundation (IICF) hosted the 2024 IICF Philanthropic Roundtable on Thursday, gathering leaders from twenty-five major insurance organizations for a series of presentations on charitable giving and volunteerism in the insurance industry.
CoreLogic Previews the Evolving Severe Convective Storm Risk Landscape in New Report
CoreLogic®, a leader in global property information, analytics and data-enabled solutions, released its 2024 Severe Convective Storm Report, detailing how severe thunderstorm risk is growing in the United States and highlighting the historic severe convective storm activity, also known as severe thunderstorm, seen in 2023. There were 141 days with large hail (two inch or greater) in 2023—the highest number of days in 20 years.