Underwriting
Business Interruption Cyber Risks Demand More Insurer Attention: ITC Global Discussion
Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention ...
OxyContin Maker Purdue to Plead Guilty Over Opioid Practices
Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying ...
A Majority of Risk Managers Now Buy Cyber Insurance: Survey
Approximately 78 percent of risk managers now purchase some level of cyber insurance, up from 34 percent in 2011, according to the tenth year of the Zurich North America and Advisen Cyber Survey. Of ...
Travelers Achieves Robust Q3; Net Income More Than Doubled
The Travelers Companies had a strong third quarter, reporting net income grew to $827 million, up from $396 million in the prior year quarter. An increase in the quarter's core income to $798 million ...
What the P/C Insurance Industry Will Get If Biden or Trump Win
If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the status quo in Washington. If Democrat Joe Biden wins the ...
Post-Brexit UK Financial Rules Will Need Tweaking to Stay Competitive: Study
Britain should tweak financial rules after full Brexit to keep London's financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain ...
Pie Insurance Touts New Premium Milestone
Pie Insurance disclosed it has reached a premium milestone in the months after raising $127 million in new venture capital financing in May. The InsurTech and MGA focused on workers comp insurance ...
AXA Completes Sale of Eastern Europe Operations to UNIQA
AXA said that it has completed the nearly $1.2 billion cash sale of its life and savings, property and casualty, and pension businesses in Poland, Czech Republic and Slovakia to Austria's UNIQA ...