Commercial Lines
Cyber Terrorism a Major Concern for U.S. Businesses
U.S. businesses focused on addressing crisis management in the event of an on-premise terrorist attack may be leaving their information systems vulnerable to a cyber attack. According to The Global ...
Natural Catastrophes Created $31B in Global Insured Losses Through H1: Swiss Re’s Sigma
Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a ...
Software Safety Ratings Could Help Cyber Insurers on Pricing
A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that ...
QBE Specialty Lines Buildout on Track in North America, Group CEO Says
Global insurer QBE Group is not building a specialty book in North America by sweeping up business shed by some of its big commercial lines competitors in the region, QBE's leader said Wednesday. ...
Beazley Launches Revenue Protection Cover for UK Events Hit by Wet Weather
London-based insurer Beazley has launched "Cancellation Plus" for the event industry in the United Kingdom, offering event organizers revenue protection for reduced ticket sales and concessions when ...
Environmental Risk: Investors Worrying about Data Centers’ Water Use
Data centers, used by governments and large corporations to house their computer systems, have one big environmental problem: They get hot. To keep them from overheating, large data centers can pump ...
Carl Icahn is Pleased. Can AIG CEO Peter Hancock Exhale Now?
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he's warming to the approach of the insurer's chief executive officer. " ...
Reinsurers Risk Profits if Normal Catastrophe Levels Return: S&P
Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of ...