Commercial Lines
Before and After: Managing Through the Cycle of a Cyber Attack
In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. "Cyber insurance is such a critical tool when you think about ...
Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
Following two years of high but stable loss activity, 2023 has seen a "worrying resurgence" in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial ...
AIG Continues to Take Cautious Approach to Excess D&O in North America
Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company's chief executive said financial lines ...
California FAIR Plan Increases Commercial Coverage Limits to $20M Per Location
The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location. Prior to the adjustment, the maximum limits for commercial coverage were $8.4 million ...
Travelers to Buy Cyber MGU Corvus for $435 Million
The Travelers Companies said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings Inc. for about $435 million for its middle-market excess and surplus lines ...
Global Insurance Prices Continue to Stabilize in Q3 as U.S. Cyber Premiums Drop: Marsh
Global commercial insurance prices increased 3 percent in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by insurance broker Marsh, ...
P/C Cycle Act 3: Reinsurance-Driven GL Hard Market
Comparing recent conditions in the property/casualty insurance and reinsurance markets to a three-act play, the chief executive of Arch Capital Group predicted hard casualty pricing ahead in the ...
Meta’s Instagram Linked to Depression, Anxiety, Insomnia in Kids: States’ Lawsuit
Dozens of U.S. states are suing Meta Platforms and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. In a complaint filed on ...