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Gamma Iota Sigma Announces Hiring of Two New Senior Staff
Gamma Iota Sigma (GIS), America’s premier risk management, insurance and actuarial-focused collegiate talent organization, today announced the hiring of two highly experienced senior staff.
Farmers Insurance Says It’s Cutting 2,400 Jobs
Farmers Insurance said Monday it will lay off 11% of its workforce — about 2,400 employees — as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability.
Status of the Property Insurance Market in Florida
Florida is frequently the target of increasingly severe natural disasters like hurricanes, floods, and other calamities that drastically affect the property insurance market.
As Idalia Nears, Florida Officials Warn of ‘Potentially Widespread’ Gas Contamination
Florida officials are warning drivers of potential fuel contamination at dozens of gas stations on the Gulf Coast as residents brace for the landfall later this week of Tropical Storm Idalia.
Global Cyber Insurance: Reinsurance Remains Key to Growth
Cyber insurance is still the fastest-growing subsector of the global insurance market. Global cyber insurance premiums reached about $12 billion in 2022, and in S&P Global Ratings’ view, are likely to increase by an average 25%-30% per year to about $23 billion by 2025.
Millions in Economic and Insured Losses Emerge after Hurricane Hilary’s Devastating Impact: Aon
In the aftermath of Hurricane Hilary’s unprecedented impact on the western United States and Mexico, the region is grappling with significant economic and insured losses that could potentially soar into the hundreds of millions of dollars, according to Aon’s latest weekly cat report.
Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks
Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has garnered interest amid tough conditions for insurance buyers.
Billion-Dollar Satellite Risks Upending Space Insurance
Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims.
3M to Pay More than $6.5M for Violating Certain Provisions of the Foreign Corrupt Practices Act
3M has agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act, the Securities and Exchange Commission said Friday.