Risk
Aon’s New Division Will Tap Additional Sources of Capital for Reinsurance
Global broker Aon has formed a new team in its Reinsurance Solutions business that will focus on building global investor relationships in order to identify additional sources of capacity to clients. ...
Three Years After NotPetya, Cyber Lessons Continue for the Insurance Industry
This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies ...
Auto Insurance Shopping Rebounds After COVID-19 Shutdown
Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early April due to COVID-19 shutdowns, civil unrest and other events. However, there was ...
Businesses and Insurers Face Survival Showdowns From Africa to America
W ynand du Toit's safari camp in South Africa's Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 ...
Business Interruption Lawsuit Between Law Firm, Travelers Advanced by Federal Judge
A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in refusing to remove its case to state court and ...
American Family Ventures’ New $213M Fund Seeks Early Stage InsurTech Startups
American Family Ventures has launched a new $213 million fund that invests in early stage InsurTech startups. "The insurance industry is embarking on profound transformation," AFV managing director ...
Unusually Harsh California Heatwave Heightens Risk of Wildfires
The current heatwave broiling Californians like no event in decades is also elevating the risk for another potential disaster in the weeks ahead: wildfires. While heat and dry conditions have ...
COVID-19 Uncertainties Likely to Reverse H1 Global Insurance M&A Surge
Insurer mergers and acquisitions climbed higher in the first half of 2020 with a robust 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co's "Insurance ...