PwC News

‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling

The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers …

P&C Insurance Claims Transformation in 2017 – Retrospective and Prospective

Insurance carriers have made an unprecedented investment to improve the integrity of their claims systems and processes. This transformation started in the US over 15 years ago with the original goal of improving financial accuracy, financial control, upgrading legacy technology …

PwC: World Drone Market Seen Nearing $127B in 2020

Drones will soon be boosting crop yields, verifying insurance claims, and assisting in future Hollywood blockbusters in a business that’s due to boom by more than 6,000 percent by the end of the decade. The global market for commercial applications …

UL Testing Safety, Privacy Issues Related to Wearable Devices

Physical and privacy risks relating to wearable devices has prompted a familiar face in the safety arena to research the technology. With so many questions relating to wearable device safety, Underwriters Laboratories has delved into the wearable technology space, said …

Advice to Bankrupt MF Global Could Cost PwC $1Billion

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey …

Business Survey Finds Cybercrime Increasing

The hackers are winning, according to a survey of 500 executives of U.S. businesses, law enforcement services and government agencies released Wednesday. The 12th annual survey of cybercrime trends found that online attackers determined to break into computers, steal information …

RSA Fires Execs After PwC Probe Reveals Inaccurate Reporting

RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial reporting. RSA Ireland Chief Financial Officer Rory O’Connor and Claims Director Peter Burke …

PwC’s Latest Securities Litigation Study Confirms Total Settlement Downward Trend

While the first three quarters of 2012 saw an average of 46 cases, securities litigation filings decreased dramatically in the fourth quarter, to 33 cases—the lowest level since the 30 cases filed in the second quarter of 2009, according to …