Commercial Lines
Ransomware Attacks Quadrupled in 2016; They’ll Double in 2017: Beazley
Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in 2016 and the insurer projects they will double ...
Conflict Over Who Will Pay for San Francisco’s $750M Tilting Tower
Nina Agabian, a retired director of research in global health science at the University of California, bought a 29th-floor apartment in San Francisco's Millennium Tower in 2010. "It was supposed to ...
In the UK, Price Drives Insurance Policy Choices for Small/Medium-Sized Businesses
The cost of insurance premiums was ranked as the top deciding factor when picking a policy by 61 percent of small and medium-sized enterprises (SMEs), according to survey data released by ...
Swiss Re, Software Firm SAP SE to Develop Financial Steering/Reporting Product
Swiss Re has formed a strategic partnership with software company SAP SE to develop a product addressing the increasingly complex demands of global regulators regarding financial steering and ...
Allianz, Japanese Financial Firm Invest in U.S. Wind Farm Owned by French Utility
Allianz and Japanese bank Mitsubishi UFJ Financial Group (MUFG) have invested in a U.S.-based wind park owned by French utility EDF , Allianz said, as the German insurer expands its renewables ...
Facebook on Losing Side of $500M Virtual Reality Headset Verdict
The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen technology, a jury said in awarding $500 million damages to ZeniMax Media Inc. Jurors in Dallas federal ...
Markel to Grab SureTech Financial Corp. for $250M
Markel Corp. will snatch up SureTec Financial Corp. for $250 million, in an acquisition deal designed to give it a leg up in the surety business. The purchase agreement is inclusive of a three-year ...