Claims / Legal
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
Apple Will Debut China Data Center to Comply With China’s Tougher Cyber-Security Laws
Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. ...
New U.S. Ban on Forced Arbitration May Die in Republican Congress
Republicans lawmakers on Tuesday started trying to kill a brand-new U.S. rule prohibiting banks and credit card companies from requiring customers who open new accounts to sign an agreement that they ...
Fewer Settlements on Courthouse Steps: What Insurance Execs Are Saying About Social Inflation
Is the political mood of the country increasingly conducive to social inflation? Analysts at Assured Research believe so. In addition, in the accompanying article, they note that a steady rise in ...
Social Inflation Is Back, Fueled by Lawyer Advertising and Other Factors: Assured Research Analysis
By the spring of this year, the financial press was filled with articles documenting the pause in numerical and medical inflation. But few outside the insurance industry are discussing—or maybe ...
Connecticut Insurers: Homes Must Fall Down to Be Eligible for Coverage
Connecticut residents whose home foundations are crumbling face a perplexing problem with their insurance policies: The damage won't be covered unless their homes collapse. More than two dozen ...
Insurance Could Slash Billions From Poor Nations’ Natural Disaster Bills
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain's international ...
Pending EU Rules Should Spur International Cyber Insurance Market Growth: A.M. Best
The European Union's looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That's the bad ...