Claims / Legal
African Dust Leads to Atlantic Storm Lull
What can give you itchy eyes, replenish the rain forest and bring a hurricane to its knees? Dry and dusty African air. The coffee-colored atmospheric swirl, captured by satellites last week, blew ...
Volkswagen’s $10B Diesel Settlement Upheld by U.S. Appeals Court
A federal appeals court on Monday upheld Volkswagen's $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th ...
Carriers Writing U.S. Cyber Insurance Soared to 170 in 2017: Aon
The number of U.S. insurers providing cyber insurance keeps growing rapidly along with the ever-increasing amount of cyber attacks. As of 2017, 170 U.S. insurers reported writing cyber insurance, up ...
ACORD Debuts Cyber Data Breach Cover Standard; Aon and Beazley Helped
ACORD, the global standards-setting body for insurers, has released what it bills as the industry's first standard for cyber data breach cover. Dubbed the ACORD Cyber Data Breach Standard, it was ...
Crypto Thefts Are Surging, Spurring More Coin Money-Laundering
Criminals are stealing more cryptocurrency from exchanges, and that's driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report. In the ...
Q2 2018 Insured Cat Losses Land on the Low Side: Morgan Stanley
Insurers dealt with approximately $7.1 billion in global insured catastrophe losses during the 2018 second quarter, well below the historical average, Morgan Stanley estimates in a new research note. ...
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Trade Credit Insurance Gains a Fresh Look in Wake of Trump Tariffs
Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array ...