LONDON (Reuters) - Global property catastrophe reinsurance rates ranged from being unchanged to falling by mid- to high-single-digit percentages in July, reinsurance broker Guy Carpenter said on Monday, following years of rising rates. Insurers tend to renew their reinsurance contracts on specific renewal dates, including on July 1. Reinsurance - insurance for insurers - in Florida, California and other areas...

12:47 PM EDT, 07/01/2024 (MT Newswires) -- TechPrecision ( TPCS ) shares rose 6.1% in recent Monday trading after the company announced preliminary financial results for fiscal Q4. The Ranor unit had net income of $246,822 on sales of $4.53 million in the three months ended March 31, preliminary data showed, TechPrecision ( TPCS ) said Monday in a statement....

LONDON (Reuters) - Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday. Insurance premiums to protect companies against cyber attacks rocketed in 2021 and 2022, as the COVID-19 pandemic drove cyber incidents. But premiums have been dropping...

12:54 PM EDT, 07/01/2024 (MT Newswires) -- (Corrects final paragraph to state that the managing director of Walgreens Boots Alliance's ( WBA ) subsidiary is stepping down.) All three major US equity indexes were up at midday Monday, thanks to gains from the stocks of the giant technology companies. In company news, Boeing ( BA ) agreed to acquire Spirit...