AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., based …
AM Best Revises Outlook to Negative for Nazareth Mutual Read More »
Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that fell short of market expectations. The Zurich-based company said it was aiming for group net income of $4.5 billion next year, up …
Swiss Re Shares Drop After New Profit Target Falls Short of Expectations Read More »
Standard Chartered Plc has settled an investor lawsuit worth £1.5 billion ($2 billion) over allegations it systematically breached sanctions against Iran to win new business. In a London Court of Appeal ruling over disclosure published on Friday, the judge acknowledged …
Standard Chartered Settles £1.5 Billion Iranian Sanction Suit in London Read More »
China routinely sends astronauts to and from its space station Tiangong. A crew capsule is about to undock from the station and return to Earth, but there’s nothing routine about its journey home. The Shenzhou-20 capsule will carry no crew, …
Will it Take a Catastrophe for Nations to Take Issue of Space Debris Seriously? Read More »
Cloudflare Inc. said it has fixed a problem that led to the websites for several banks, Shopify, Zoom and LinkedIn to go down Friday. “A fix has been implemented and we are monitoring the results,” the San Francisco-based company said …
Cloudflare Says It Fixed Outage That Slowed Banking Sites, Zoom Read More »
A working paper from three well-known economists shows the impacts of global warming and particularly extreme weather on the budgets of American households is up to $900 per year. The paper was authored by former Treasury Department officials Kimberley Clausing, …
Report: Climate Change, Weather Impacts on Household Budgets Up to $900 Yearly Read More »
Dan Pope, Senior Vice President of Underwriting at Old Republic Surety, learned a lesson as a young surety rep about the most important numbers at a client’s business. Profits and losses are not the only numbers companies use to determine …
Profits Versus Christmas Cheer—A Good-Business Lesson Read More »
Both of the apartment building fires that displaced 70 families in Holyoke this week appear to be accidental but the exact causes remain under investigation, according to city and state fire officials. Holyoke Fire Chief John Kadlewicz and State Fire …
Apartment Building Fires Displace 70 Massachusetts Families; No Injuries Reported Read More »
Bold Penguin announced a partnership with Adaptive Insurance, expanding coverage options available through the Bold Penguin Placement Desk. Adaptive is pioneering the path to resilience in the face of emerging climate risks, starting with their GridProtect parametric power outage coverage. …
Markets/Coverages: Bold Penguin Adds Parametric Coverage With Adaptive Partnership Read More »
The cyber insurance market is reaching an inflection point where underwriting companies must differentiate healthcare from other industries in how the risk is evaluated, priced, and how claims are managed. Healthcare cyber claims data tells a consistent and troubling story: …
Viewpoint: Healthcare Cyber Insurance at an Inflection Point Read More »
