Claims / Legal
New York’s New Cyber Regulation Could Impact D&O Liability Coverage
While the full implications of the New York State Department of Financial Services' (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, ...
RIMS 2017: Experts Urge Insurers to Treat Cyber As Risk Management Issue
If fire breaks out in a building, you wouldn't run out and buy and extinguisher to fight it after the fact. You'd likely already have one. The same idea should apply to cyber insurance, and yet ...
Liability Claims Topping $1 Billion Now More Common: Allianz
Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & ...
Handling Cyber as Standalone Insurance Could Benefit Carriers, Buyers Alike
Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both insurers and buyers, according to a new report by JLT Re and JLT ...
Lawsuit Alleges Tesla Peddled Vehicles With ‘Dangerously Defective’ Autopilot Software
Tesla Inc. is facing its first U.S. legal challenge over self-driving technology in a case alleging the electric carmaker sold 47,000 vehicles with Autopilot software that's "dangerously defective" ...
Commercial Insurance Remains a Buyer’s Market: Willis Towers Watson
Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers' market. That reality holds despite potential regulatory and monetary policies pending in ...
Meteorologists: Signs Suggest 2017 Atlantic Hurricane Season Will be Normal
Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect ...
Clunky M&A Deals Are Spurring Uptick in Insurance Claims: AIG Study
Faulty mergers and acquisitions have spurred an uptick in insurance claims as dealmakers overstated profits or breached accounting rules, insurer American International Group Inc. said in a study of ...