NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S. April 5, 2021 By Yakir Golan and Visesh Gosrani The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step...
Next Insurance Funding Hits $881M After Latest $250M Round April 5, 2021 By Mark Hollmer Next Insurance raised $250 million in new venture financing – a major cash infusion after a year of acquisitions and...
Homeland Security Chief Prioritizes Disrupting Ransomware in Cyber Efforts April 5, 2021 By Raphael Satter Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said last Wednesday that dealing with ransomware will be a top priority,...
Catastrophe Bonds Positioned to Tap Into Demand for Socially Responsible Investments April 5, 2021 By Tasos Vossos Catastrophe bonds are being hailed as the next frontier for socially responsible investing. Such debt, which insures against natural disasters...
New Federal Flood Insurance Rating Plan to Start Oct. 1 April 5, 2021 By Alwyn Scott Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under...
New Starr Environmental Shield Product Targets Manufacturing-Related Risks April 5, 2021 Starr Insurance Cos. has introduced Environmental Shield, a customized environmental insurance product that covers multiple manufacturing risks with a single...
Three Tales of Troubled Insurance Relationships April 1, 2021 By Lirpa Loof Three insurance relationship tales from today’s newswire. Woman Sues Insurtech Over Broken Heart Thrice-divorced Natalie Galumpkin says she knows a...
New York City Loses Appeal Seeking to Hold Oil Firms Liable for Global Warming Effects April 1, 2021 By Jonathan Stempel and Sebastien Malo A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help...
Homeland Security Orders Cyber ‘Sprints’ as Part of U.S. Plan Against Hacks April 1, 2021 By Alyza Sebenius and Shaun Courtney The U.S. Department of Homeland Security is undertaking a series of “sprints” to enhance American cybersecurity in the wake of...
Insurers Have Not Yet Embraced Cryptocurrency Craze Despite Demand April 1, 2021 By Noor Zainab Hussain and Carolyn Cohn If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls...