Underwriting
WannaCry, Petya Cyber Attacks Cost Europe’s Companies Hundreds of Millions of Dolllars
Global hackers have unleashed a brace of attacks in recent months, but while their haul in bitcoin has been paltry, the revenue hit to companies infected is reaching into the hundreds of millions of ...
New York Regulators Seek Info From National General, Others in Wells Fargo Scandals
Two New York regulators sent subpoenas related to practices in the auto lending unit of Wells Fargo & Co., the bank struggling with multiple consumer scandals. The New York Department of ...
Herbicide Dicamba Wreaking Havoc on U.S. Crops
Larry Martin in Illinois says he's never seen anything like it in his 35 years of farming. Arkansas soybean grower Joe McLemore says he faces the loss of his life savings. They're among farmers ...
Farmers Debuts Drone Fleet for Major Storm Claims Assessments
Farmers Insurance disclosed it has started using a fleet of drones to help facilitate the claims process for customers reeling from roof damage after major storms. The drone launch follows a series ...
Cyber ‘Worm’ Disrupts Q2 Corporate Earnings for Many Firms
Costly cyber attacks are having a bigger impact on corporate earnings and are becoming a fact of life for companies as Oreo cookie maker Mondelez, drug maker Merck and others said that a destructive ...
Data Breaches Caused by Employee Error Still a Huge Problem: Beazley
Hacking and malware attacks including ransomware attacks continue to be the leading cause of breaches, accounting for 32 percent of the 1,330 incidents that insurer Beazley's in-house Breach Response ...
InsurTech Startup Lemonade Expands to New Jersey, Its Fourth State
Lemonade is now doing business in New Jersey. The New York-based peer-to-peer insurance startup disclosed its latest state rollout on Aug. 2. It is doing business in three other states – New York, ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...