Russia’s Tech Giant Yandex Says It Repelled Biggest DDoS Attack in History September 9, 2021 By Alexander Marrow and Gleb Stolyarov MOSCOW — A cyber attack on Russian tech giant Yandex’s servers in August and September was the largest known distributed...
Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio September 9, 2021 By L.S. Howard Lloyd’s of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a...
For Now, No Need for Federal Cyber Reinsurance Backstop: Experts September 9, 2021 By Mark Hollmer Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market,...
Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims September 9, 2021 By L.S. Howard Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on...
Atomic Energy Agency Seeks Japan Transparency on Release of Fukushima Water September 9, 2021 By Mari Yamaguchi TOKYO —Experts from the International Atomic Energy Agency asked Japan on Tuesday for full and detailed information about a plan...
Australia’s High Court Rules Publishers Liable for Facebook Comments September 9, 2021 By Melanie Burton MELBOURNE — Australia’s biggest news publishers including Rupert Murdoch’s the Australian are responsible for comments that readers post on their...
People Moves: FM Global Names Broad, Johnson to New Roles; Koller Joins Amlin From Prudential September 8, 2021 FM Global Names New Chief Officers of Underwriting and Client Experience FM Global, the Johnston, R.I.-based commercial property insurer, has...
South Africa’s State Insurer Sasria Looking for Bigger Bailout September 8, 2021 By Wendell Roelf CAPE TOWN — South Africa’s state-owned insurance company Sasria is in talks with National Treasury for a larger bailout than...
World’s Largest Carbon Capturing Technology Plant Starts in Iceland September 8, 2021 By Nikolaj Skydsgaard The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re September 8, 2021 By L.S. Howard Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 –...