Commercial Lines
‘Cryptojacking’ Attacks on Financial Firms Surged in First Half
Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm ...
Global Natural Disasters Cost Insurers $34B in H1 2022: Munich Re
Global natural disasters during the first half of 2022 cost insurers about $34 billion, which covered a little more than half of the overall $65 billion in losses from floods, earthquakes and storms ...
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon
Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18 percent higher than the 21st century average of $33 billion, driven by persistent ...
Agents Expect Big Jump in Online Commercial Insurance Shopping: Survey
A majority of independent insurance agents (53 percent) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a ...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state's power grid and a fire at a semi-conductor plant in Japan ...
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...
Over-The-Road Trucker Beats IT Consultant in Job Growth: Indeed Report
The online job site, Indeed.com, posted a list of the top jobs of 2022 last last week, finding that registered nurse positions ranked first in employer demand, salary (using a baseline annual salary ...
Digital Trucking MGA Koffie Raises $11M, Plans 10-State Expansion
A Brooklyn, N.Y,-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company's total funding to date to $15.5 ...