Underwriting
Most Cyber Attacks on UK Come From Hostile States: Security Officials
The U.K.'s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it's been running, equivalent to 10 assaults a week. In ...
Public Companies Lacking Strengthened Cybersecurity Might Be Violating Federal Law
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator's warning came in ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Net Income Doubled for P/C Insurers in the 2018 First Half
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, ...
Nomura Will Pay $480M to Resolve Claims Over Mortgage-Backed Securities
Nomura Holdings Inc has agreed to pay $480 million to resolve civil claims by the U.S. government that it misled investors in marketing residential mortgage-backed securities, U.S. authorities said ...
Google Invests in Applied Systems, a Maker of Cloud-Based Software for Independent Agencies
Google's investment arm has purchased a minority stake in Applied Systems, an Illinois-based global provider of insurance technology and cloud-based software for independent agencies. Google has ...
New U.S. Law Places Greater Focus on Disaster Resilience, Though Shortfalls Remain
The U.S. government is starting to focus more on disaster resilience, rather than just responding to natural catastrophes when they occur – something long called for by the property/casualty ...
California Utility Shuts Power for 60,000 People to Prevent Wildfires
PG&E Corp. has deliberately left customers in the dark for the first time as a precaution to prevent wildfires from breaking out. Almost 60,000 customers in six counties across the Sierra Nevada ...
Bank of England Urges Insurers, Financial Institutions to Form Credible Climate Change Plans
Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. ...