Underwriting
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...
Executives On The Move at CNA, AXIS and Arch
CNA appointed a new VP to lead its technology segment. AXIS Insurance hired an industry veteran to lead its primary casualty business in the Northeast and Midwest. Arch Insurance expanded its travel ...
AIR Worldwide Issues Crop Hail Model for Canada, Product Update for China
Catastrophe risk modeling firm AIR Worldwide released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...
Zurich Closes Purchase on Halo, a UK Online Rental Car Platform
Zurich is the proud new owner of Halo, a specialist, UK-based online rental car insurance platform that will help it further a strategy of growth in global travel and assistance markets. Neither side ...
Cyber Attacks Leave Their Mark on Businesses Over Time: Lloyd’s Report
Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of ...
New, Massive Ransomware Attack Spreads Around the World
A new cyberattack similar to WannaCry reached parts of Asia after hitting businesses, port operators and government systems in Europe, U.S. and South America. A terminal operated by A.P. ...
PCI: Insurers Must Get ‘Reasonable’ Access to Automated Vehicle Data
The Property Casualty Insurers Association of America wants future federal rules governing driverless vehicles to guarantee insurers "reasonable" access to data from cars with automated driving ...