Risk
Aviation Industry Braces for Substantial Premium Hikes Due to 737 MAX Grounding
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding ...
This Time, Bermuda Avoids Major Damage From a Hurricane
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping ...
Lloyd’s Plans Miami Office to Back Growth in Latin America, Caribbean Markets
Lloyd's plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. "Latin America is a key market for Lloyd's, with premium close to US$1.5 ...
Tesla Model 3 Scores Top Safety Rating
Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its ...
Generali Rolls Out Specialty Insurance Arm in U.S.
The U.S. branch of Italy's Generali Group has launched a Specialty Insurance Division, which will focus on providing warranty products and services. Generali U.S. Branch said the division will ...
Execs Tasked With Cyber Risk Management Spend Little Time on Task: Marsh
A majority of busy board members and senior executives who are responsible for their organization's cyber risk management spent less than a day in the last year focusing on cyber risk issues, ...
Arch, Marsh Debut Protection for Digital Asset Private Keys
Arch Insurance (UK) Ltd. and the broker Marsh have launched new insurance protection designed to address the secure storage of digital asset private keys held in traditional vault facilities. The ...
The Need for Both Innovation and Cybersecurity Forces Businesses to Strike a Balance
Companies are working to balance their desire for new innovations with their need for strong cyber defenses, a new report from CompTIA, a technology industry trade association, finds. CompTIA's ...