Claims & Reserving
Crisis Service Costs Are Bulk of Cyber Claims Payouts: NetDiligence
New claims costs data reveals a wide discrepancy on costs associated with cyber losses. More than $75.5 million has been spent on cyber claims losses as reported in the latest cyber claims study ...
Russian National Sentenced in ‘Citadel’ Malware Cyber Crime Scheme
A Russian national was sentenced on Tuesday to 4-1/2 years in U.S. prison for using sophisticated malware known as "Citadel" to steal banking information from thousands of computers, authorities ...
Oct. 1 Credit Card Chip Deadline Moves Liability From Issuers to Merchants
The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their ...
File Splitting: Handling Claims When Coverage Is Unclear
The duty to defend and indemnify a policyholder is an important promise an insurer agrees to in an insurance policy. Though coverage may be clear cut in many claims, others may require additional ...
Typhoon Dujuan Lashes Taiwan, Disrupting Land and Air Traffic
Typhoon Dujuan lashed Taiwan with rain and wind Monday, disrupting land and air traffic and forcing offices, schools and financial markets to shut on Tuesday. The stock markets will be closed for all ...
Cyber Security Field Faces Worsening Gender Gap and Workforce Shortage
Women account for just one out of 10 cyber security professionals, as the gender gap widened over two years in a male-dominated field with a drastic workforce shortage, a survey showed. ISC2, the ...
Hamilton Insurance CEO Seeks More Acquisitions; IPO is Likely
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as Chief Executive Officer Brian Duperreault builds a business that he expects to take ...
Volkswagen: 11 Million Cars Affected by Falsified U.S. Vehicle Emission Tests
Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide as investigations of its diesel models multiplied, heaping fresh pressure on CEO ...