Risk
2016 Ransomware Attacks Against Businesses Multiply Rapidly
Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by ...
U.S. Treasury to Banks: Provide Details on Cyber Attacks
The U.S. government on Tuesday told banks to include details about cyber attacks when filing mandatory reports on fraud and money laundering, saying that will help battle digital crimes that pose "a ...
AIG’s Limits for Terror Cover Quadruple to $1 Billion
American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities. The previous limit was $250 million, ...
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...
Chubb CEO Greenberg: Enhanced Digital Experience Coming for High-Net-Worth Customers
Chubb CEO Evan Greenberg said the insurer plans to enhance its high-net-worth customers' digital experience in the coming months, underscoring the growing importance of InsurTech improvements as part ...
Root Debuts; Carrier’s Smartphone App Helps Good Drivers Get Cheaper Rates
Root officially debuts in the U.S. market on Oct. 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer's smartphone to deliver what it says will be significantly ...
Carrier Climate Change Risk Disclosure Has Improved: Ceres Analysis
Insurers in the United States are increasingly willing to disclose their risk management practices related to climate change, according to a new report suggesting that last year's global accord in ...
Online Sites From N.Y. to L.A. Crashed Friday in Hacker Web-Host Siege
Millions of internet users temporarily lost access to some of the world's most popular websites Friday, as hackers hammered servers along the U.S. East Coast with phony traffic until they crashed, ...