Markets
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
The proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence is also bring some complicated risks. A new report from AM Best outlines "substantial ...
Mythos Proportions
In late March, rumors of a new Anthropic Claude AI model called Mythos triggered a sudden sell-off in cybersecurity stocks. Panic mounted weeks later when the company confirmed that the software was ...
Executive Moves: Hippo Holdings Names Boettcher COO; Willis Re Appoints Fletcher CEO of Bermuda
Hippo Holdings Inc. announced the promotion of Laura Boettcher, ARe, to chief operating officer of Hippo Holdings, the parent company of Hippo Insurance. Boettcher has served as COO of Hippo ...
D&O Market Expected to Tighten Under Pressure, Says AM Best
Analysts at insurance rating firm AM Best said there are "warning signs" for the directors & offers liability market, leading to shrinking underwriting margins and a tighter environment for ...
The Readiness Is All: New AIG CEO Andersen Talks Industry Relevance
Eric Andersen doesn't have any more insight into what the next five years will look like than his peers, but the message he delivered to them about the industry's role in a changing world is clear: ...
Extreme Weather to Drive $20 Trillion in Spending
Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate ...
USAA Not Done With Dividends: Florida Reforms Prompt $0.5B Payout
When USAA announced nearly $4 billion in policyholder dividends in December last year, the military insurer cited its financial discipline and the proactive steps of members to prevent losses among ...
Amazon’s Ring Sued Over Facial Recognition Feature
Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company's Ring doorbell cameras at friends and family members' homes collected and stored images ...