(239) 334-7727

info@benfew.com

Tag: insurance-journal

Hedge Fund Strategy Built on Catastrophes Taps a Hot New Trend – Parametrics
Insurance Journal | June 30, 2025
Hedge Fund Strategy Built on Catastrophes Taps a Hot New Trend – Parametrics
One of the most successful hedge fund strategies of recent years — insurance-linked securities — is latching on to an old idea whose popularity is suddenly soaring. Parametric insurance, where policyholders get quick payouts if weather-related metrics are met, used …
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time
Insurance Journal | June 30, 2025
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time
PricewaterhouseCoopers LLP, one of the world’s largest professional advisory firms, has cut prices for some services as clients raised the fact that the consultancy is using artificial intelligence to complete its work quicker. “Clients would hear us talking about using …
Reeves Plans Rule Change to Create UK Captive Insurance Market
Insurance Journal | June 30, 2025
Reeves Plans Rule Change to Create UK Captive Insurance Market
The UK government is planning to announce rule changes to help create a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. Chancellor of the Exchequer Rachel Reeves is expected to lay out …
As Hurricane Season Picks Up, Key Forecasting Tool Access Set to End
Insurance Journal | June 30, 2025
As Hurricane Season Picks Up, Key Forecasting Tool Access Set to End
US National Hurricane Center (NHC) forecasters accurately predicted Hurricane Erick would explode in intensity as it hit Mexico’s Pacific coastline. Now, key tools that helped inform that outlook will go away by the end of this month, and it’s unclear …
Tech Firms Warn ‘Scattered Spider’ Hacks Are Targeting Aviation Sector
Insurance Journal | June 30, 2025
Tech Firms Warn ‘Scattered Spider’ Hacks Are Targeting Aviation Sector
Tech companies Google and Palo Alto Networks are sounding the alarm over the “Scattered Spider” hacking group’s interest in the aviation sector. In a statement posted on LinkedIn on Friday, Sam Rubin, an executive at Palo Alto’s cybersecurity-focused Unit 42, …
GM Wins Victory as Appeals Court Decertifies Transmission Lawsuits
Insurance Journal | June 30, 2025
GM Wins Victory as Appeals Court Decertifies Transmission Lawsuits
General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions. In a 9-7 vote, the 6th U.S. Circuit …
Investigation Into Florida Condo Collapse is Expected to Finish in 2026
Insurance Journal | June 30, 2025
Investigation Into Florida Condo Collapse is Expected to Finish in 2026
More than four years after a Florida condominium collapse killed 98 people, federal investigators have yet to make a final determination of the cause — but they do have some leading theories. The National Institute of Standards and Technology, the …
Erie Insurance Restores Online Access for Customers; Still Working on Other Systems
Insurance Journal | June 29, 2025
Erie Insurance Restores Online Access for Customers; Still Working on Other Systems
Erie Insurance has reported that online account access for customers including bill pay has been restored in the latest update on its recovery from its network outage. The insurer said the network and system outage it initiated on June 7 …
Michigan Paper Manufacturer Agrees to $300K Settlement Over PFAS Contamination
Insurance Journal | June 27, 2025
Michigan Paper Manufacturer Agrees to $300K Settlement Over PFAS Contamination
Michigan Attorney General Dana Nessel announced a settlement agreement with Domtar Industries, LLC and E.B. Eddy Paper, Inc. (together, Domtar) to address releases of per- and polyfluoroalkyl substances (PFAS) at the Techni-Comp, Inc. composting site near Port Huron. Nessel filed …
Search Ends for 1950 Lake Michigan Plane Crash That Killed 58 People
Insurance Journal | June 27, 2025
Search Ends for 1950 Lake Michigan Plane Crash That Killed 58 People
A group is ending a 20-year search for a plane that crashed into Lake Michigan in 1950, killing all 58 people on board, after sweeping the vast body of water using sonar technology and even getting support from an acclaimed …