Underwriting
Pearson Will Pay $1M to Settle Charges It Misled Investors Over Cyber Attack
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange ...
Tesla Autopilot in 765,000 Vehicles Subject of Formal U.S. Safety Probe
U.S. auto safety regulators said Monday they had opened a formal safety probe into Tesla Inc's driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National ...
Florida, Louisiana Stand Out as Super-High ‘Covicane’: PCS
A major hurricane that makes landfall in the southeastern United States will may also serve as a COVID-19 super-spreader that will slow recovery and increase costs, catastrophe modeler Property ...
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Insurance Broker Gallagher Seals Deal to Acquire Willis Re
Insurance broker Arthur J Gallagher & Co said on Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. The ...
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
Zurich CEO Greco Advocates Carbon Tax to Punish Polluters
Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible companies to maximize profits by polluting the environment, he ...
There’s Some Progress in the Global Battle to Reduce Cyber Risks: Aon
Despite the worsening cybersecurity climate, there's been some global progress in developing strategies to reduce risk, a new Aon report asserts. "We are seeing a new level of collaboration between ...