Risk
I.I.I. Survey: Cyber Insurance Will See Major 2015 Growth
Property/casualty insurance executives overwhelmingly predict growth in both cyber insurance and M&A activity in 2015, according to a new Insurance Information Institute annual survey. I.I.I.'s ...
Top Corporate Risks: Allianz Risk Barometer 2015
Business interruption and supply chain risk, natural catastrophes, and fire/explosion top the list of company risks in 2015, according to the fourth annual Allianz Risk Barometer, which surveyed more ...
Ex-NSA Director: P/C Industry Must Help Shape Cybersecurity Legislation
With Congress widely expected to focus on cybersecurity legislation this year, a former NSA director is urging the property/casualty industry to make its collective voice heard now. He said the ...
Obama Announces Revised Cybersecurity Bill
President Barack Obama sought to rally Congress to pass stalled U.S. cybersecurity legislation, an effort that may face obstacles as tensions with key Republicans quickly began to surface. Obama ...
More Earthquakes in Oklahoma in 2014 Than in Past 30 Years
Officials say Oklahoma had more earthquakes last year than in the past 30 years. The U.S. Geological Survey says 567 earthquakes with magnitudes of 3.0 or greater were registered in Oklahoma, making ...
Survey: Millennials Most Interested in Pay-As-You-Drive Insurance
Pay-as-you-drive insurance programs are highly touted as one of the next big things in the industry. But the market has so-far resisted quick adoption of the coverage, which would involve having a ...
Asbestos Losses Poised to Rise as Litigation Strategy Evolves
U.S. property/casualty net asbestos losses are holding steady at $85 million. But that number could change in the future due to some big-time litigation variables, A.M. Best said in a new special ...
Brit PLC Pairs With New Bermuda Reinsurer for Property Cat Excess of Loss Coverage
A new Bermuda-domiciled reinsurer will cover a share of Brit PLC's existing worldwide property catastrophe excess of loss portfolio. The partnership between Brit – a global specialty insurer and ...