As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business July 21, 2021 By Katherine Chiglinsky and Max Reyes The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat...
Solar Industry, Owners Warned to Take Steps to Mitigate Wildfire Risk July 20, 2021 Noting that wildfire is a growing source of loss for both wind and solar power producers and insurers, one of...
Travelers’ Q2 Profit Boosted by Higher Premiums, Lower Catastrophe Losses July 20, 2021 U.S. property and casualty insurer Travelers Cos .Inc. delivered an unusually large beat of second-quarter profit expectations on Tuesday, helped...
Surplus Lines Insurers Report 21.9% Premium Hike in First Half of 2021 July 20, 2021 Surplus lines premium exceeded $24 billion and premium bearing transactions exceeded 2.6 million through the first six months of 2021,...
People Moves: Aon Cyber Appoints Bixby; Guy Carpenter Adds 2 from Willis Re, Zywave Names 3 Senior Leaders July 20, 2021 Hacking Expert Bixby Joins Aon Cyber Solutions Aon has appointed Adam Bixby as the new managing director, Proactive Security leader,...
States Expected to Announce Opioid Deal With Drug Distributors, J&J: Reuters July 20, 2021 By Nate Raymond U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement...
U.S. and Allies Accuse China of Global Cyber Espionage July 20, 2021 By Doina Chiacu and Steve Holland The United States and its allies accused China on Monday of a global cyber espionage campaign, mustering an unusually broad...
S&P Warns of Cyber Risk’s Impact on Insurers’ Credit Ratings July 19, 2021 Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a report from S&P Global Ratings. Overall, S&P...
Two Firms Merging to Capitalize on Embedded Insurance Demand July 19, 2021 Two insurtech managing general agencies plan to merge in an effort to tap into embedded insurance demand for travel and...
Kin Insurance Sees Shark Tank SPAC Deal as Way to ‘Pour Gas on’ Expansion July 19, 2021 By Gillian Tan Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through...