Underwriting
Microsoft Outlook Patch Not Preventing ‘Active Threat,’ White House Warns
The White House on Sunday urged computer network operators to take further steps to gauge whether their systems were targeted amid a hack of Microsoft Corp's Outlook email program, saying a recent ...
Vacation Trend: COVID-19 Travel Insurance Becoming a Staple
COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors ...
U.S. Commercial Rate Hikes Continue Robust Climb in Q4, Except Workers Comp
U.S. commercial insurance price hikes surpassed 10 percent in aggregate during the 2020 fourth quarter, another robust climb for a sector that produced aggressive rate hikes all year, according to ...
The Future of Underwriting Is ‘Exponential’: Deloitte Study
The underwriters of the future will need to be "exponential," multiplying their value by developing new skills and taking on enhanced responsibilities. This means evolving into new roles, such as ...
Wholesale Insurance Broker Amwins to Snatch Up Rival Worldwide Facilities
The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition ...
Personal Auto Insurance Profits Unsustainable, Fitch Says
Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don't look anything like the 106 recorded in 2016. But they're headed in that ...
After Pandemic Legal Tussles, Insurers Rewrite Business Policies
U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt ...
E&O Cyber Incidents Exploded in 2020: Aon
Aon released its first ever Errors & Omissions/cyber insurance product snapshot and it presents a pretty dire snapshot of worsening conditions. There were on average three new E&O cyber ...