Underwriting
On the Docket: Who Will Pay UK Coronavirus Business Interruption Claims?
A trial to decide who should pay for the rising costs associated with the coronavirus pandemic is about to start in London. The UK financial regulator took Europe's largest insurers to court in a ...
Insurance Software Firm Majesco Will Be Acquired by Private Equity Outfit for $594M
Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the ...
Twitter Discloses Hackers Downloaded Data From Several Non-Verified Accounts
Twitter Inc said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified ...
China Pledges More Insurance Protection, Lending Support for Flood-Hit Areas
China's banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China ...
U.S. Personal Lines Insurers Poised for 2020 Underwriting Profit Despite Pandemic: Fitch
It turns out that the coronavirus pandemic hasn't adversely affected U.S. personal lines insurance all that much. In the short term, the sector has continued to do well and is poised to produce ...
GOP Supports Limiting Virus Liability Claims Against Businesses, Schools, Caregivers
Senate Majority Leader Mitch McConnell wants to give federal courts jurisdiction over liability claims arising from coronavirus infections to limit the legal exposure of businesses, schools and other ...
Rather Than Gamble, ITC Shifts From Vegas to the Digital World
A surge in COVID-19 cases is forcing InsureTech Connect – one of the world's largest insurance technology conferences – to go fully digital for its annual fall gathering. ITC has scheduled ITC ...
FBI Hunts for Twitter Hackers Who Hit Biden, Obama, Musk, Others
The FBI is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the ...