Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021 With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,”...
P/C Insurers’ Underwriting Income Fell 53% in First Quarter: AM Best June 4, 2021 The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the...
$6.4 Billion Suit Claims Bristol-Myers Delayed Cancer Drug to Avoid Shareholder Payment June 4, 2021 By Jonathan Stempel Bristol Myers Squibb Co. was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid...
National Security Chief Warns Firms to Boost Cybersecurity as Ransomware Surges June 4, 2021 By Doina Chiacu The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware...
Despite Less Driving During 2020 Pandemic, Traffic Deaths Were Highest In 13 Years June 4, 2021 Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department...
U.S. Insurers Lag Euro Counterparts in Climate Rating Report June 3, 2021 By Don Jergler Legislation to provide farmers with tools to help New York efforts to mitigate the impacts of climate change is making...
Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors June 3, 2021 A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its...
Insurance Journal’s Agency Partnership News Wrap-Up June 3, 2021 BKCW in Texas Joins Insurors Group Insurors Group LLC, an alliance of independent insurance agents in Texas, has added BKCW...
People Moves: Hippo Adds Executives from Chubb, AIG, Tower Hill, Weston; Hub Names Rutt to Lead Cannabis June 3, 2021 Hippo Names Executives Bienek, Primerano, Stienstra, Donahue Home insurer Hippo announced four executive appointments to its insurance team as it...
Supreme Court Rejects Government’s Reading of Computer Fraud Law in Police Case June 3, 2021 By Andrew G. Simpson A Georgia police officer did not violate federal computer fraud law when he used his patrol car computer to access...