Risk
AmTrust Halfway Toward Focusing More on Local Markets With Surety Sale to Liberty Mutual
AmTrust Financial Services has completed the sale of some of its global surety operations to Liberty Mutual Insurance, the first piece of a two-part deal designed to help it focus more on local ...
Trump Urges UK to ‘Walk Away’ From Brexit Talks if EU Does Not Give Ground
U.S. President Donald Trump said Britain should refuse to pay a$50 billion European Union divorce bill and "walk away" from Brexit talks if Brussels does not give ground. Trump told the Sunday Times ...
Judge Rules Facebook Must Proceed With Privacy Breach Lawsuit
Facebook Inc. must defend itself in a District of Columbia lawsuit accusing the social network of failing to safeguard users' personal data and allowing a U.K. political consulting firm to mine the ...
AI InsurTech Betterview Pulls in New Investment From Nationwide, EMC, Maiden Re, More
InsurTech startup Betterview has raised a $4.5 million investment, with three carriers participating in the financing. Nationwide Ventures, EMC Insurance and Maiden Re took part in the Series A ...
Cyber Attacks Added to List of Municipal Bond Credit Risks
Huge pension debt. Crumbling infrastructure. Climate change. Now add cyberattacks to the list of things that municipal bond investors should worry about. The recent ransomware attack that shut down ...
Insurers Are Target Audience for New Online Dispute Resolution Startup
An offshore reinsurer has placed a bet that the future of insurance claims will include an option for consumers to resolve disputes online rather than in court. Greenlight Re, a specialty property ...
Federal Flood Insurance Program Wins Short Extension
Having failed several times to pass a $19 billion disaster aid bill with a federal flood insurance reauthorization provision by unanimous consent, the House of Representatives managed on Thursday to ...
Allianz Grabs Two U.K. Insurance Businesses for $1 Billion Price Tag
Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The ...