Commercial Lines
Equifax’s Cyber Insurance Reportedly Not Enough to Address Massive Breach
Equifax Inc.'s insurance against cyber breaches is likely inadequate to cover the credit-reporting company's costs tied to one of the biggest hacks in history, according to people familiar with the ...
AmTrust Seals Quota Share Reinsurance Deal to Reduce Hurricane, Tropical Storm Exposures
AmTrust Financial Services signed a new quota share reinsurance contract intended to reduce hurricane and tropical storm exposure for its Republic Companies business. The contract, effective Aug. 1, ...
Credit Reporting Agency Equifax Reveals Cyber Attack; 143 Million Customers Possibly Impacted
Equifax Inc. said its systems were struck by a cyber attack that may have affected about 143 million U.S. customers of the credit reporting agency, shedding light on one of the largest and most ...
Hurricane Irma Threatens $1.2B of Florida Crops; Insurance Issues Will Vary
Hurricane Irma is threatening to wreak havoc on Florida farmlands, menacing $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash and ...
Universal Insurance Holdings Has Plenty at Stake if Irma Hits Florida
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market ...
Executives On The Move at Hamilton Re, AIG and Hub International
Hamilton Insurance Group's Hamilton Re made a number of new underwriting-based leadership changes. AIG has a new general counsel. Hub International's president is now also its CEO. *** Hamilton Re, ...
Even With Hurricane Harvey, Reinsurance Rates Will Still Fall, Ratings Agencies Predict
Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, ...
UPDATED: Expect Many More Hurricane Harvey Loss Estimates Before Specifics Are Clear
More than a week since Hurricane Harvey struck Houston and the surrounding Texas and Louisiana coastlines, catastrophe modeling firms and others continue to issue estimates for economic and insured ...