January 25 (Reuters) - The cyberattack at UnitedHealth Group's tech unit last year affected the personal information of 190 million people, the health conglomerate said on Friday, making it the largest healthcare data breach in the United States.
January 29 by Chris Kirkham, Judith Langowski and Peter Henderson (Reuters) - Seven years before wildfires tore through opposite ends of the Los Angeles area, the Tubbs Fire in Northern California's Sonoma County jumped a six-lane freeway and decimated Santa Rosa's Coffey Park subdivision, a suburban enclave similar to Pacific Palisades and Altadena.
The London insurance market could see unexpected opportunities from proposed US tariffs, despite concerns over economic disruption, according to Adam Butlin, an economist at the London School of Economics.
Liberty Company CEO Bill Johnson is among the many Los Angeles area residents to lose their homes in the recent devastating wildfires, with the executive calling the experience “a great lesson in non-attachment” while detailing his personal experience and the industry response.
Old Republic CEO Craig Smiddy is confident the company’s “very diligent” monitoring of commercial auto trends means it will remain profitable in the sector amid continued elevated severity trends and legal system abuse, while the executive also revealed the carrier’s Los Angeles wildfire losses are estimated at $10mn to $15mn.
Travelers and AIG lead the London and US placements for the primary layer of Vistra Corp’s energy property cover, which could face a $500mn loss after a fire last week at its Moss Landing facility, The Insurer can reveal.
The Hughes Fire, which set off near Castaic Lake on Wednesday, has burned through 10,176 acres and the Sepulveda Fire, which started on Thursday morning, has burned through 45 acres – resulting in over 31,000 under mandatory evacuation orders and another 20,000 under evacuation warnings across Bel-Air and Brentwood.
Old Republic’s consolidated combined ratio for the fourth quarter of 2024 improved by 60 basis points year on year to 92.7 percent while its operating earnings for the period came in comfortably ahead of analysts’ consensus forecast.
North Carolina insurance commissioner Mike Causey has announced a resolution to the legal dispute between the state's insurance department and insurers over a proposed homeowners insurance rate increase.
WTW has extended its Investment Management Insurance Plus product, which addresses the specific needs of asset managers, to clients in the US after its initial launch in Canada and the UK.