Global Insured Losses From Disasters at $79 Billion in 2018: Swiss Re Sigma Estimate December 18, 2018 According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to...
J&J Launches Defense Against Reuters Report on Baby Powder Asbestos December 18, 2018 By Mike Spector Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades...
Carmakers, Ride-Hail Firms Stress Digital Even As Vehicle Cyber Risks Worsen December 18, 2018 By Stefan Nicola Hopping into an Uber or a Car2Go is a great way to get around. Unfortunately, hackers agree, exploiting weaknesses in...
Premium Finance Firm National Partners to be Acquired by Digital Lender WebBank December 17, 2018 Salt Lake City-based digital lender WebBank has agreed to acquire Denver-based National Partners, a national insurance premium finance company and...
JLT Re Partners with Insurtech for Auto Insurance MGA Pact December 17, 2018 Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance...
Doubts About Hotel Industry Cyber Security Pre-Date Marriott Hacking December 17, 2018 By Patrick Clark Long before Marriott International Inc. disclosed a massive security breach, the hotel industry had earned the dubious reputation as a...
U.S. Drivers Sue Hyundai, Kia Over Car Engine Fires December 17, 2018 By Sohee Kim Hyundai Motor Co. and Kia Motors Corp. were sued by U.S. drivers over an alleged defect that could cause certain...
Allstate’s Shares Fall Under Weight of Wildfire Losses December 17, 2018 By Katherine Chiglinsky Allstate Corp. tumbled for nine straight days, the longest string of losses since 2001, as coverage costs from the deadliest...
Drugmaker Eyes Reinsurance to Lower Costs, Reports Financial Times December 17, 2018 By Jacqueline Poh Swiss drugmaker Novartis AG is considering working with reinsurers to provide alternative financing options for life-saving drugs, potentially saving substantial...
Effect of Judge Ruling Affordable Care Act Unconstitutional Delayed for Appeal December 17, 2018 By Tom Korosec and Kartikay Mehrotra Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions...