The Securities and Exchange Commission (SEC) adopted new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was to help the investing public contend with the mounting cost and frequency of cyber attacks.
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Beazley Posts Strong H1 Growth, Bolstered By Property Insurance
Specialist insurer Beazley has reported robust growth in the first half of 2023, reporting a 13% increase in gross premiums written (GPW) to $2.9 billion.
Climate Change Lawsuits More than Double in 5 Years as Impacts Hit Home
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for millions, a report said on Thursday.
WTW Posts 7% Organic Growth for Q2 2023
Revenue for WTW increased 6% for the second quarter to $2.2 billion, with organic growth of 7%.
IRC: U.S. Auto Claim Severity Surged During Pandemic
While U.S. auto claim frequency has declined over the past 20 years, claim severity increased and then surged since the global pandemic began in 2020, according to a newly published report from the Insurance Research Council (IRC), a division of The Institutes.
Americans Keep Buying Homes in Flood-Prone Areas Despite Climate Risks
In the last two years, 384,000 more people moved into than out of counties that are vulnerable to flooding — including many beach spots along Florida’s vulnerable coasts — representing an increase of more than 100%, according to Redfin data.
Car Insurance Rates Are Soaring with Little Relief in Sight
A 40% increase by Allstate in Georgia, a 32% rise sought by Nationwide Mutual Insurance in California, an 11% bump by State Farm in New York. Insurers are imposing steep increases on auto insurance rates,
Chubb Reports “Record” Net Income for Q2
Chubb Limited today reported net income for the quarter ended June 30, 2023 of $1.79 billion, or $4.32 per share, and core operating income of $2.04 billion, or $4.92 per share.
Congress Wades Into Self-Driving Debate with New U.S. House Bills
Congress is wading into the debate over whether automakers should be allowed to sell hundreds of thousands of self-driving cars while manufacturers seek federal permission to expand testing of the technology.
El Niño Could Have a Significant Impact on Renewable Energy Production: WTW
The emerging El Niño could cause wind drought in North America, which would have a significant effect on renewable energy production in the region, says a new report launched today by WTW, a leading global advisory, broking, and solutions company.