P/C Underwriting Losses “Dismal first-quarter 2023 direct incurred loss ratios in the homeowners and private auto business suggests a repeat of 2022, when highly favorable underwriting results in the commercial lines were more than offset by the personal lines losses.” …
Titan Submersible “If there were aspects of the design or construction of this vessel that were kept from the passengers or it was knowingly operated despite information that it was not suitable for this dive, that would absolutely go against …
Forever Suit “These companies had knowledge that these chemicals cause harm and they still chose profit over people.” — New Mexico Environment Secretary James Kenney explained the reasoning behind a suit against the manufacturers of so-called “forever chemicals,” commonly referred …
California Insurance Options “Our first priority is helping consumers to understand their options for finding insurance with another company or the California FAIR Plan.” — A California Department of Insurance (CDI) spokesperson said following State Farm’s late-May announcement that it …
Cyber Risks “Threat actors are forever looking for targets with weak security controls or unprotected infrastructures — these are the paths of least resistance into a company’s network. … Unfortunately, that’s why human inaction, such as not patching a publicized …
Riskworld Safety “I wanted to bring this update to let everyone know that everyone at Riskworld is safe and sound. … We’ve unfortunately had to cancel the closing finale session simply out of an abundance of caution. Everybody in the …
Crypto Exchange “Make no mistake: many crypto trading platforms already come under the current definition of an exchange.” — U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said in prepared remarks regarding the SEC’s decision to re-open public comment …
Responsibility to Act “Insurers, as society’s risk managers, have a special responsibility to act and the power to drive change: without insurance most new fossil fuel projects cannot go ahead and existing ones cannot continue to operate.” — Reads part …
Opioid Fight “The Justice Department is using every tool at our disposal to confront the opioid epidemic that is killing Americans and shattering communities across the country.” — Attorney General Merrick Garland said after the U.S. government sued Rite Aid …
Bent Track “These conditions can change certainly after a heavy freight train passes over it. If it wasn’t noticed by a crew member, then you have several tons of train crossing over that so it could change.” — Former NTSB …
