Sony has hired outside investigators to help clean its networks and catch the people behind a massive breach that exposed the personal data of more than 100 million video game users. The Japanese electronics giant has retained a team from …
Bank insurance brokerage fee income in 2010 reached a record level as it rose 7.9 percent from $12.36 billion in 2009 to $13.33 billion in 2010, according to a new report. The report, compiled by Michael White Associates (MWA) and …
The United States sued Deutsche Bank AG for more than $1 billion, accusing the German bank of defrauding the government by repeatedly lying to obtain federal insurance guarantees on mortgage debt. The lawsuit filed Tuesday against Deutsche Bank and its …
Despite the threat of increasing incidents of cyber attacks on businesses worldwide, the vast majority of companies (73 percent) report they do not have network liability policies, according to a new industry survey. The survey, conducted by Towers Watson, says …
Nearly a third of Americans report that businesses are not doing enough to protect them from workplace discrimination and identity theft. A recent survey by the Chubb Group of Insurance Cos. found that one in three people surveyed said, compared …
General Star has made a number of changes to its umbrella fuel oil program, distributed exclusively by program administrator S. H. Smith & Company, Inc., Hartford, CT. Launched in 2001, the program provides commercial umbrella coverage for fuel oil dealers …
Over the last few years organizations took action to strengthen the financial position of their captive insurance company operations, while those forming new captives were more likely to start up captives in U.S. onshore domiciles. These are two of the …
Markel Corp. has enhanced their management liability suite of products. These changes are an expansion of Markel’s capabilities following the October 2010 release of their private company Management Liability coverage. Markel’s management liability protects insureds against a range of exposures …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the life and non-life North American operating subsidiaries of France’s SCOR SE with stable outlooks, following the announcement of its acquisition …
Property insurance rates could be on the rise thanks to first quarter catastrophe losses, including the earthquake and tsunami in Japan, and a revised catastrophe model. During the second quarter, rates for North American catastrophe-exposed property risks are expected to …
