Underwriting
Sayata Labs Raises $6.5M for Cyber Risk Assessment Product; AXA Is Early Partner
Sayata Labs has nailed down $6.5 million in seed funding to pursue development of its cyber risk assessment product designed for insurers to use with small and medium-sized businesses. The Tel ...
Ransomware Demands Soar Along With Cyber Claim Costs: NAS Report
Cybercrime claims by policyholders outside the healthcare sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as ...
Lloyd’s Comes Up With ‘Robust Plan of Action’ to Address Sexual Harassment Reports
Lloyd's is releasing "a robust plan of action to address reports of sexual harassment in the Lloyd's market and create a safe and inclusive working environment." The plan includes possible lifetime ...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe Departs
Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring on two executives in newly created roles, and a third leader is leaving the company. The Bermuda-based insurance ...
Global Emissions Reach Record, Thanks to Growing Energy Demands
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and ...
OxyContin Maker Purdue Settles Oklahoma Opioid Case for $270 Million
OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of ...
House Committee Considers NFIP Reauthorization, Plus 3 Flood Insurance-Related Bills
A Congressional House committee pursuing reauthorization of the National Flood Insurance Program is also considering a number of related legislative proposals beyond the NFIP's renewal. In all, four ...
Activist Fund Pursues Removal of SCOR CEO as Chairman Over Thwarted Takeover Attempt
French activist fund CIAM will ask reinsurance company SCOR's CEO Denis Kessler to surrender the chairmanship of the company's board after he thwarted a takeover attempt earlier this year. CIAM, ...