Underwriting
U.S. Cyber Insurance Premiums Doubled Over 5 Years: Aon
U.S. cyber insurance premiums doubled over the previous five years, climbing 21 percent in 2020 alone, a new Aon study has found. At the same time, loss ratios have soared. Premiums in the sector ...
Hackers Stole a Single Password to Disrupt Colonial Pipeline
The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month's cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
D&O Liability Cover Will Help Address VW’s $351M Emissions Settlement With Former Execs
Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 ...
Embroker Raises $100M, With Plans to Become Full-Stack Carrier
Embroker, a digital platform focused on business insurance, aims to become a full-stack carrier – an expansion of its strategy enabled by $100 million in new venture capital financing. The money ...
Nationwide Invests in Startup Focused on Streamlining Certificate of Insurance Issuance
Nationwide invested in an early-stage funding round for Certificial, an InsurTech with a platform focused on the real-time certificate of insurance issuance and compliance management. Certificial's ...
Wildfire Near Misses Spark Greater Push for Mitigation Efforts
As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango, Colo. When ...
Argo Group, Joining Other Carriers, Ends Coverage of Canada’s Trans Mountain Pipeline
Lloyd's insurer Argo Group has decided to stop insuring Canada's Trans Mountain tar sands pipeline when its current insurance policy expires on Aug. 31, 2021, following similar moves by other ...
Climate Stress Test for Insurers and Banks Debuts at Bank of England
The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...