Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36% of Marsh’s clients reported buying cyber insurance in 2022, up from the 33% that …
More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators that in rare cases can explode in a collision and spew shrapnel. Few of them know it. And because of …
A granular look at the most expensive hurricane in Florida’s history, written by respected catastrophe-modeling firm Karen Clark & Co., highlights building practices that had a major impact on the scale of insured losses: Contrary to what may seem like …
The former director of the New Mexico Office of Archaeological Studies is suing state officials, saying his race and gender played a role in his firing. Eric Blinman filed a lawsuit in federal court late last week against Gov. Michelle …
Shua Wilmot and Raegan Zelaya, two former dorm directors at a small Christian university in western New York, acknowledge their names are unconventional, which explains why they attached gender identities to their work email signatures. Wilmot uses “he/him.” Zelaya goes …
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during the fourth quarter, includes AlphaCat and renewal rights …
Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now the fourth major company to walk away from the …
Two people were killed when a small plane headed for Hawaii crashed in the Pacific Ocean shortly after takeoff from Northern California, federal officials said Sunday. The Viking Air DHC-6-400 Twin Otter crashed around 2:15 p.m. Saturday in the water …
Aspen Appoints Boon as Head of Singapore; Morely Relocates to London Aspen Insurance Holdings Limited has appointed industry veteran Tay Boon Chuan as head of Singapore, effective June 1. Aspen is headquartered in Hamilton, Bermuda. Boon joins Aspen after 12 …
Britain’s Parliament building is an architectural masterpiece, a UNESCO World Heritage Site visited by 1 million people a year. It’s also a crumbling, leaky, asbestos-riddled structure at “real and rising” risk of destruction, lawmakers said Wednesday. In a hair-raising report, …
