Underwriting
Cyber Risk and the Threat of the Unknown
As new technology is developed and digital applications are rapidly becoming more prevalent, cybersecurity continues to be an evolving risk and a potential loss area for insurance companies. The ...
Praedicat Signs Swiss Re to New Liability Insurance Risk Modeling Platform
Praedicat, a liability catastrophe modeling company, released its new liability insurance risk modeling platform and says it has secured Swiss Re as its first licensee. The new platform, known as ...
AIG Transfers 25,000 Brazilian Auto Policies to Porto Seguro Unit
American International Group Inc.'s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses. The ...
London Insurance Market Will Test Catastrophe Response: Hiscox Chair
The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox said on Tuesday. While insurers have coped ...
Hiscox, American Family-Backed Startup Unveils Small Business Digital Insurance Marketplace
Bunker, a Hiscox and American Family-backed startup billing itself as the first contract-related insurance marketplace, has officially left stealth mode and unveiled its first product. The target ...
Climate Change Produces New Insurance Challenges All Around
Climate change is creating insurance challenges in multiple ways. The National Climate Assessment, a report released by the U.S. Global Change Research Program argues that climate change increases ...
Hurricane Matthew Revving up Trouble for Carribbean Nations
Hurricane Matthew intensified en route to Haiti on Monday, bringing 140-mile-per-hour (220 kph) winds and torrential rain that could wreak havoc in Caribbean nations that had yet to evacuate ...
VW, U.S. Dealerships Propose $1.2B Emissions-Cheating Accord
Volkswagen AG is asking a judge to approve its $1.2 billion agreement with its U.S. dealerships for losses caused by its emissions-cheating scandal. The proposed settlement increases the amount VW ...