Claims / Legal
Lloyd’s Seeks Clarity Regarding Insurance Policies With Cyber Cover
Lloyd's of London wants all insurance and reinsurance policies to clearly state whether coverage will be provided for losses caused by a cyber attack, saying this was in the best interest of both ...
Liability Long Tail Could Get Longer
One of the most challenging things about liability insurance is that claims on this year's policy might be made well into the future. If exposure to a chemical, product or business activity this year ...
Boeing Pledges $100M to Support Families of Max Jetliner Crash Victims
Boeing Co. is offering $100 million to support the families of victims and others affected by two crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits. The ...
Data Breaches Take Months to Discover, but They Happen Within Minutes
While it typically only takes a short amount of time for a successful breach to compromise data, the amount of time it takes for a breach to be discovered is more likely to be months. This means ...
Florida Opens the Door to Self-Driving Vehicles
Self-driving vehicles with no humans on board will be able to operate in Florida – once they're finally ready for prime time – under a bill signed recently by Gov. Ron DeSantis. DeSantis said he ...
Dutch Agency Warns State-Backed Cyber Espionage Is Becoming Escalating Threat
The Dutch intelligence agency (AIVD) on Thursday warned of the escalating threat of state-backed cyber espionage, saying the Netherlands was particularly vulnerable as a hub for international ...
Munich Re, NICB Debut Tool That Quickly Assesses Post-Disaster Damage
Munich Re has teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...