Insurance
Chubb Q3 Net Income Increases 158% to $2 Billion
Third quarter net income at Chubb Ltd. shot up to $2.04 billion, an increase of nearly 158% over last year’s $792 million during the same quarter. Chubb’s P/C underwriting income was up about 84% to $1.3 billion in the third …
Read More Theft of 2 Million Dimes Linked to Truck Cargo Robbery Spree
Federal authorities have released more details and unsealed charges in the theft of more than 2 million dimes earlier this year from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia. The truck driver was …
Read More Israeli Firms Try to Cope With Trauma, Worker Shortages, Missed Deadlines
Business as usual is rare right now inside the companies that power Israel’s $520 billion economy, as leaders try to keep operations going while offering emotional and other support to workers. The realities of the Israel-Hamas war are upending not …
Read More Meta’s Instagram Linked to Depression, Anxiety, Insomnia in Kids: States’ Lawsuit
Dozens of U.S. states are suing Meta Platforms and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. In a complaint filed on Tuesday, the attorneys general of 33 states …
Read More CISA Offers Guidance on Cybersecurity Awareness Month’s 20th Anniversary
As the world’s digital ecosystem has grown and become more complex, Trent Frazier, deputy assistant director in the stakeholder engagement division at CISA, or the Cybersecurity and Infrastructure Security Agency, said on this episode of The Insuring Cyber Podcast that …
Read More Delayed Autopsies Pile Up in Mississippi, Complicating Insurance, Legal Questions
JACKSON, Miss. (AP) — Incomplete homicide autopsy reports have continued to pile up in Mississippi – despite tough-on-crime talk by state leaders ahead of the Nov. 7 general election. Police officers and prosecutors rely on medical examiners` autopsy reports to …
Read More Hurricane Otis Makes Landfall Near Acapulco as Category 5 Storm
Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane with winds capable of collapsing homes, ripping apart power lines and tossing trees. The storm made landfall around 2:25 a.m. …
Read More GE, Safran Find Bogus Parts on More Jet Engines in AOG Probe
CFM International Inc. identified more aircraft engines and forged documents linked to the UK parts distributor behind an alleged scheme to sell aircraft components backed by forged records. An extensive review by the engine-making joint venture of General Electric Co. …
Read More Markets/Coverages: USQRisk Starts Corporate Cyber MGA
USQRisk, the international managing general agent specializing in alternative risk transfer solutions, has announced the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O insurance to large U.S. domiciled corporate risks. Pera is a …
Read More Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding
Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given poor customer service due to low premiums associated with their …
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