War in Ukraine Prompts Hike in Cyber Attacks on German Businesses June 12, 2023 By Agatha Cantrill More than one in 10 German companies were the victim of a cyberattack last year, according to a new study,...
Thieves Blow Up German ATMs Every Day, With Attacks Rising 40%-Plus Since 2019 April 14, 2023 By Tom Sims In the German town of Ratingen, exploding cash machines are a hot-button topic. Two got blown up early on the...
Twitter Files Lawsuit Against German Rule for Online Reporting February 1, 2022 Twitter has taken legal action against a rule, coming into force in Germany from Tuesday, that obliges social media firms...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules January 20, 2022 By Karin Matussek Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt...
Swiss Re-Backed Getsafe Gets German Insurance License, Permitting Europe Expansion October 25, 2021 Digital insurer Getsafe has received its insurance license from Germany’s financial regulator, BaFin. The license will allow Getsafe to accelerate...
Cyber Attacks Make Working From Home Costly for German Businesses: Report August 24, 2021 By Carolynn Look Working from home during the pandemic cost German companies some 53 billion euros ($62 billion) worth of damages from cyber...
Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS August 23, 2021 RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred...
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide July 28, 2021 AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...