Risk
China Cracks Down on Cryptocurrencies, Banning All of Them
China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring ...
Lawsuit Accuses United Airlines of Refusing Employee Exemptions to COVID-19 Vaccine Mandate
United Airlines Inc is facing claims that it unlawfully denied religious and medical exemptions from a requirement that employees receive COVID-19 vaccines after allegedly making it difficult for ...
U.S. Flood Insurance Market Slowly Transitioning to Private Carriers: AM Best
The country's flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government's program for those seeking coverage, according to a new AM ...
Reinsurers’ Estimates of Climate Risk Exposure Could Be Way Off: S&P
Reinsurers' estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. "Unmodeled risks and the inherent ...
Biden Administration Fights Ransomware Attacks by Targeting Cryptocurrency Pipelines
The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals' cryptocurrency pipelines, and it urged companies to report extortion attempts and ...
Social Inflation or Science: What Is Fueling Climate Litigation?
A rising amount of litigation tied to the environmental and health impacts of greenhouse gas emissions prompted a question from the leader of a liability risk analytics company recently: "Is it about ...
Home Insurers Struggle With Customer Loyalty in Changing Housing Market: J.D. Power
Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, ...
Zurich Joins $10 Million Venture Round for Cyber InsurTech BOXX; Partnership Planned
Zurich Insurance has joined a $10 million venture investment round for BOXX, a Toronto-based cyber insurer for small businesses, individuals and families. The startup said it has also formed a global ...