Risk
U.S. Cyber Rates Rise as Insurers Try to Curb Ransomware Exposures
U.S. insurers are ramping up cyber-insurance rates by as much as 25 percent and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes ...
InsurTech CyberCube Calls on Carriers to Set Global Cybersecurity Standards
CyberCube, an InsurTech focused on cyber risk analytics, is calling on the insurance industry to set global cybersecurity standards as the world digitizes. "Internet-connected technologies is a prime ...
Drivers Display Effects of Recreational Pot Even When Not Intoxicated by It: Harvard Study
Recreational cannabis use affects driving ability even when drivers are not intoxicated by marijuana, according to a study from a Harvard Medical School hospital. Published in the Drug and Alcohol ...
Claims Are Rising as Australia’s Bushfire Cleanup Process Begins
The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties destroyed in the deadly wildfires. Under the plan, the ...
Insurers, France Lead Way on Scoring Investment Portfolios’ Impacts on Climate Change
Move over revenue growth and dividend payouts: it's time to take your portfolio's temperature. Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 ...
Kemper’s 2018 Infinity Acquisition Helps Lead to Fitch Ratings Upgrade
Kemper Corp.'s 2018 acquisition of specialty auto insurer Infinity Property and Casualty Corp. continues to reap dividends, this time in the form of a Fitch Ratings upgrade. Fitch said it upgraded ...
Liberty Mutual’s Irish Subsidiary Exits Three Lines of Business
Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business. Liberty will continue to ...
U.S. P/C Insurers Enjoyed Underwriting, Surplus Gains in First 9 Months of 2019
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in ...