Underwriting
Munich Re Gets A.M. Best Ratings Affirmation for Resilience in Tough Market
As the global reinsurance market trudges on with heavy competition, consolidation pressures and low interest rates, Munich Re has held its own. For that reason, A.M. Best affirmed its financial ...
Floods, Phones Hurt Assurant Profit; Stock Price Plunges
Assurant Inc., the insurer that sells coverage protecting mobile phones and homes, posted the second-biggest decline in the S&P 500 Index after third-quarter profit slumped. The insurer dropped ...
French Utility Boosts Defense of Water Supply From Cyber Security Risk
Veolia Environnement SA, the French utility that provided drinking water to 100 million people last year, has beefed up cyber security to protect installations from hackers. "Cyber crime is the main ...
Hurricane Matthew Damage Won’t Harm Most Insurer Ratings: A.M. Best
A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in ...
Slow Canadian Wildfire Insurance Payments Spur Anger in Burnt-Out City
Some five months after the wildfires that devastated Fort McMurray were extinguished, anger over red tape and the slow pace of insurance payouts and permit issuance is flaring in the remote northern ...
Small Business Owners Remain Unprepared for Cyber Attacks: Nationwide
Small business owners remain woefully underprepared to address the risk of cyber attacks and respond when they happen, Nationwide found in a new survey. Just 22 percent of respondents said that they ...
InsurTech Founders Are Often Not Insurance Industry Veterans
As InsurTech companies increase in number and scope, the P/C industry may be surprised about one thing: only a small number of founders may actually be insurance industry veterans. So says, Tim ...
Blood Diagnostics Startup Theranos Slammed With Cluster of Lawsuits
Blood-testing startup Theranos Inc. is under legal siege. After being sanctioned by U.S. regulators, the company now faces at least eight lawsuits filed in federal courts in California and Arizona by ...