Commercial Lines
PLUS Panelists Warn Insurers Not to Get Comfortable Riding the Cyber Rollercoaster
Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more ...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Trium Cyber is the industry's first Lloyd's-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines insurer has joined the ranks of ...
Fitch Ups AIG P/C Ratings to A+; Multiyear Transformation Prompts Action
A 2022 combined ratio of 92 for the property/casualty operations of American International Group is evidence of the success of the carrier's multiyear turnaround that factored into an upgrade from ...
Commercial Insurance Price Increases Stay Level, But Clients Still Worried: CIAB
"Stabilization" and "moderation" continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according ...
Liberty Mutual Tackling U.S. Personal Lines Challenges
The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in ...
Facebook Hit With $1 Million Fine Tied to User-Privacy Lawsuit
]]Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users' private information with third parties without permission. The ...
The Race to Waterproof Outdoor Gear — Without Toxic Chemicals
Patagonia, Inc. has spent nearly a decade rejiggering its supply chain, redesigning products and dumping millions of dollars into a high-stakes trial-and-error process that's nearly complete. This ...
Fund Transfer Frauds, Data Theft Trends to Continue in 2023: Beazley
Incidents of fraudulent instruction scams were up 13 percent in 2022, according to specialist insurer Beazley's new Cyber Services Snapshot report. Under fraudulent instruction scams, criminals use ...