SEDA EXPERTS SEDA Experts LLC, a leading expert witness firm providing world-class financial expert witness services, announced today that Howard Yaruss joined the firm as Managing Director. New York, NY, Aug. 12, 2024 (GLOBE NEWSWIRE) — SEDA Experts LLC, a leading expert witness firm providing world-class financial expert witness services, announced today that Howard Yaruss
The Office of the National Cyber Director has been noted by its head Harry Coker Jr. to be collaborating with the Cybersecurity and Infrastructure Security Agency and the Treasury Department’s federal insurance office in establishing a federal cyberinsurance policy for catastrophic cyber incidents, which was initially mentioned in the National Cybersecurity Strategy, reports The Record, a news site
Electric vehicle sales in the U.S. saw an increase of 60% year over year from 1 million in 2022 to 1.6 million in 2023. By 2030, the National Renewable Energy Laboratory predicts there could be 30 million to 42 million EVs on U.S. roads. But EVs cost more to insure – an average of $44 per month
Specialty and P&C re/insurer Canopius Group has revealed that its net insurance revenue for H1 2024 was $980 million, up 24% from the same period of 2023, while its net combined ratio (discounted) improved to 85.4%. Meanwhile, the firm’s insurance contract written premium figure in H1 2024 was $1.84 billion, up 23% from H1 of
GuideOne Insurance Company, a provider of property and casualty insurance and risk management solutions, has announced the appointment of Travis Sheets as Senior Vice President (SVP) and General Counsel. GuideOne outlined that in his new role, “Sheets will be responsible for corporate strategic and tactical legal initiatives, overseeing a broad range of corporate governance and
This is part three of an FT series about the consequences of climate change on insurance. Read part one here and part two here. Thomas Brennan is well placed to observe the mounting pressure from climate change on the insurability of American business. An insurance broker, he is also a member of the wider Brennan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The average UK home insurance policy has jumped by almost one-fifth to just under £400, an all-time high, as insurers increase their prices after paying out a record amount of money in weather-related claims last
PSC Insurance Group Ltd. (AU:PSI) has released an update. Morgan Stanley has emerged as a substantial holder in PSC Insurance Group Ltd., acquiring a 5.43% stake with 19,791,299 ordinary shares. The financial giant’s holding includes shares held through prime brokerage agreements and in the course of sales and trading activities. Investors have taken note of
I am currently juggling accounts at six different banks because it is my understanding that each bank provides a maximum of $100,000 of Canada Deposit Insurance Corp. coverage. I have visited the CDIC website (cdic.ca) several times and remain confused. Question: If I have multiple accounts at a single CDIC-insured bank, does the $100,000 CDIC
Generative AI has been used to fight back against cyber attacks against insurers, but it’s also beginning to be used to catch and stop insurance fraud, industry professionals and experts say. Kimberly Harris-Ferrante, distinguished vice president analyst, Gartner. Catching fraud requires a workflow that includes machine learning, predictive modeling and rules engines, states Kimberly Harris-Ferrante,