Risk
NY Regulator: States Should Use Its Cybersecurity Rules as Template
A group of U.S. state insurance regulators should use New York's sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber ...
Wells Fargo Investors Urged to Unload Most Board Members Over Fake Account Scandal
Wells Fargo & Co. shareholders should vote to remove most of the bank's board members after they failed to provide "timely and sufficient risk oversight" to head off a scandal involving the ...
Chubb CEO Greenberg’s Comments on ‘Abusive’ Broker Behavior Not About U.S. Market: Industry Group
Chubb President and CEO Evan Greenberg is slamming the behavior of some brokers as "abusive," but a major industry group asserts that he wasn't referring to anyone in the U.S. market. The remarks at ...
Berkshire Hathaway Specialty Insurance Sues Goodyear Over Covering Asbestos Claims
An insurance unit of Warren Buffett's conglomerate Berkshire Hathaway Inc said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said ...
Defective Products, Crashes, Human Error Cause Large Chunk of Business Liability Losses
Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty ...
Trov, an On-Demand Insurance Startup, Raises $45M to Fuel Global Expansion
On-demand insurance startup Trov raised $45 million in Series D financing, with plans to use it for an accelerated global expansion. The money will also fuel an expansion of what items Trov covers ...
SCOTUS Will Consider Company Exposure to Human-Rights Suits
The U.S. Supreme Court agreed to use a case stemming from Middle Eastern terrorism to decide whether victims of overseas atrocities can use a two-century-old federal law to sue corporations for ...
P/C Insurers See $ in IoT, Smart Home Tech; Limited Data Access Hampers Potential
Internet of Things and smart home technology offer significant growth potential for property/casualty insurers, but data access limits could restrict how big the boom becomes, according to a new ...