Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events September 9, 2019 As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report...
Guy Carpenter’s Holtmeier Joins BMS as U.S. Reinsurance Chief Strategy Officer September 9, 2019 Reinsurance brokerage BMS Group announced the appointment of Gregg Holtmeier as chief strategy officer of its U.S. reinsurance operations. With...
Cigna Plan Will Cover Expensive Breakthrough Gene Therapies September 9, 2019 Health insurer Cigna Corp. said on Thursday it had introduced a plan to fully cover costs for expensive gene therapies,...
Root Insurance Raises $350 Million in New Round; Valuation Reaches $3.65 Billion September 9, 2019 Root Insurance, which uses smartphone technology to gauge driver behavior and price policies, said it has raised $350 million in...
Rhode Island Bike Share Program Put on Hold Amid Safety Concerns September 9, 2019 The introduction of a bike share program in Pawtucket, R.I., has been put on hold. Pawtucket Police Chief Tina Goncalves...
U.S. Opposes Merger of Title Insurers Fidelity National and Stewart September 9, 2019 The U.S. Federal Trade Commission said on Friday that it had filed an administrative complaint aimed at preventing title insurance...
Ransomware Attack Locks Out New Bedford City Data September 9, 2019 A Massachusetts mayor says hackers demanded $5.3 million from his city in a ransomware attack this summer. New Bedford Mayor...
Unlicensed Labor Broker Indicted in New York for $1M Insurance Fraud Scheme September 9, 2019 Unlicensed labor broker Salvador Almonte Jr. and insurance broker Steven Asvazadourian have been indicted in New York for an insurance...
China Regulator Puts Cap on Insurers’ Investments in Shareholders September 9, 2019 China’s banking and insurance regulator put a cap on Monday on how much insurance firms can invest in their shareholders,...
Guy Carpenter Names Priebe as Chairman September 9, 2019 Guy Carpenter & Co., LLC, the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan...