Commercial Lines
The Latest Launches From Aon and AmTrust
Aon said it has expanded the scope of a cyber risk assessment methodology it has developed to help address exposures of remote work. A division of AmTrust Financial Services is launching a new ...
Disgruntled Hiscox Policyholders Launch $50M Arbitration Claim Over COVID Business Interruption Dispute
The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The ...
Fairfax CEO Watsa Snatches Up $149M of ‘Ridiculously Cheap’ Company Shares
Fairfax Financial Holdings Ltd. said Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting shares of Fairfax for just under $149 million. "At our AGM and on our first ...
Ransomware Attacks Spiked 25 Percent in 2020 First Quarter: Beazley
There was a 25 percent spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley's ...
Amazon Starts Using AI for Warehouse Social Distancing Risk Reduction
Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new ...
U.S. Commercial Insurers Can Handle COVID-19 in the Short Term: Fitch Ratings
For U.S. commercial insurers, 2020 was once projected to be an improved, even booming year. Then COVID-19 happened, with the ongoing pandemic increasingly making heavy losses all but certain. Still, ...
Executives On The Move at Munich Re and BHSI
Two Munich Re subsidiaries recently made new executive appointments. Berkshire Hathaway Specialty Insurance an executive to be Senior Care Leader, Healthcare Professional Liability in the U.S.
SCOTUS Bars Discrimination Against LGBT Workers
The U.S. Supreme Court on Monday delivered a watershed victory for LGBT rights and a defeat for President Donald Trump's administration by ruling that a longstanding federal law barring workplace ...
Companies on the Hunt for Creative Workarounds Addressing Rising D&O Costs
When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.'s board from shareholder lawsuits, it got Skip McBride's attention. To McBride, who used to manage law firm ...