Insurance News

Two government consultants have paid more than $11 million to settle allegations that they failed to meet cybersecurity requirements in a program for New Yorkers who applied online for federal

Three recent U.S. Department of Labor investigations in San Diego, California recovered nearly $840,000 for 32 employees, some of whom one employer reportedly paid less than $3 per hour. The

The owner of a New York trucking business who fabricated a supposedly independent Texas affiliate to circumvent his existing firm’s negative safety rating and avoid higher insurance costs has been

The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner

Industry plagued with difficulties, it is suggested The reinsurance industry is currently experiencing a hard market, generating risk-adjusted returns not seen since 1993, according to a report by AM Best.

Company celebrates triple-digit percentage increase The National Reinsurance Corporation of the Philippines (Nat Re) celebrated its 45th anniversary with record-breaking figures in 2023, posting an 862% increase in net profits

Severe weather events on both ends of the spectrum In its latest newsletter, Swiss Re highlighted recent forecasts that indicate a very active 2024 Atlantic hurricane season and the extreme

Credit agency outlines possibilities for either positive or negative actions AM Best has assigned a financial strength rating of B (Fair) and a long-term issuer credit rating of “bb+” (Fair)

She joins the firm on July 17, based in Bermuda Howden Re has announced the appointment of Shireen Gammoh (pictured above) as managing director within the legacy and structured reinsurance

Jump to winners | Jump to methodology Insurtech innovators Insurance Business recognizes the Global 5-Star Technology and Software Providers of 2024.  During a 15-week process, IB’s research team conducted interviews with