Cyber Insurers Seeing Surge in Interest by Energy Companies Since Pipeline Attack May 28, 2021 By Laura Sanicola U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S....
COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P May 28, 2021 By L.S. Howard The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
Internet Groups Warn Against Including Liability Shield in Trade Deals May 28, 2021 By Anna Edgerton A coalition of internet accountability groups is warning the Biden administration against including liability protections for tech companies in future...
New Insurtech Advisor Insurance to Target Risks of Wealth Managers May 28, 2021 K2 Placements and Wealth Advisor Growth Network (WAGN) have partnered on an insurtech platform for wealth managers buying business insurance...
Cyber Insurers Hike Rates But Worry About Pricing Long-Term As Losses Mount: Fitch May 27, 2021 U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike...
New U.S. Rules Require Pipelines to Report Cyber Incidents, Mitigate Risks May 27, 2021 By Doina Chiacu The Department of Homeland Security issued a new security directive for pipeline owners and operators on Thursday after a hack...
Bayer Unveils New Roundup Risk Management Plan After $2B Proposal Fails May 27, 2021 By Andrew G. Simpson Bayer said today it will initiate a series of actions to address potential future litigation over its Roundup weedkiller product...
Chubb Updates Lower Middle Market Commercial Package Product May 27, 2021 Chubb has rolled out a new insurance product for the lower middle market segment with an expanded base coverage offering...
After Dutch Ruling Against Energy Company, Focus Turns to U.S. Climate Lawsuits May 27, 2021 By Sebastien Malo A landmark ruling on Wednesday by a Dutch court ordering Royal Dutch Shell to drastically cut its planned greenhouse gas...
Judge Rejects Bayer’s $2 Billion Proposal to End Roundup Litigation May 26, 2021 By Tom Hals A U.S. judge rejected Bayer’s $2 billion class action proposal aimed at resolving future lawsuits alleging its Roundup weedkiller causes...