$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR January 23, 2018 By Suzanne Barlyn A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion...
Travelers Manages Q4 Profit Despite Wildfires, Tax Hit January 23, 2018 Property/casualty insurance giant Travelers Companies Inc. reported net income of $551 million for the quarter ended December 31, 2017, a...
Liberty Mutual Sells Off Life Insurance Unit, Realigns U.S., Global P/C Business January 23, 2018 Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus...
Khan Promoted to CEO, President at ThinkRisk and CorPro January 23, 2018 Ryan Specialty Group (RSG) announced the promotion of Reza Khan to chief executive officer and president of ThinkRisk Underwriting Agency...
SpaceX Lost Satellite on U.S. Mission Was Uninsured January 23, 2018 By Sonali Basak and Dana Hull U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed...
AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’ January 23, 2018 By Katherine Chiglinsky, Sonali Basak and Dinesh Nair American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began...
If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public January 23, 2018 By Andrew G. Simpson Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International...
Good2Go Auto Insurance to Offer Distracted Driving App Through LifeSaver January 23, 2018 Good2Go Auto Insurance, Inc., has partnered with mobile software provider LifeSaver to fight distracted driving. Good2Go Auto Insurance’s direct policyholders...
What Government Shutdown Means for P/C Insurance Industry January 22, 2018 By Andrew G. Simpson The property/casualty insurance industry is not immune to any economic effects the federal government shutdown may bring but since the...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment January 22, 2018 By Katherine Chiglinsky, Sonali Basak and Dinesh Nair Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company...