Global Economy
Tornado Surge Struck U.S. in April; Strong Storms Also Hit Other Global Locales
An elevated number of tornadoes in the U.S. contributed to a substantive list of global natural catastrophes in April, according to Aon's latest monthly Global Catastrophe Recap report. Standout ...
WhatsApp Urges Users to Download Update After Spotting Software Vulnerability
WhatsApp pressed users to update its messaging service, following a report that a vulnerability in the software allowed attackers to hack into people's phones using commercial Israeli spyware. The ...
Accounting Firm Shows How Not to Handle a Cyber Hack
Dutch company Wolters Kluwer NV makes the software on which many of the world's small and mid-sized accounting firms run. Earlier this week, a cyberattack took down that software and presented a case ...
Carriers Over-Reliant on Federal Reinsurance Program Risk Ratings Downgrades: A.M. Best
A.M. Best warns that property/casualty insurers face the risk of rating downgrades if the U.S.-based federal terrorism reinsurance program isn't renewed by the end of 2020, and carriers are found to ...
InsurTech Investments Break Further Records in Q1
InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during ...
A New Brexit Referendum? Liberal Democrats See Possibility
Is Prime Minister Theresa May mulling a second referendum on Brexit? Liberal Democrat leader Vince Cable certainly seems to think so. Out canvassing for the May 23 European elections in a leafy ...
The Latest Launches From CNA and Starr Insurance Companies
CNA Hardy beefed up its cyber policy with a new pre-breach service and additional coverages. Starr Insurance Companies and SkyWatch Ltd. have expanded their drone insurance program.
Liberty Mutual Sees Net Income Expand, Underwriting Margins Improve
Liberty Mutual Holding Company reported an increase in net income for its 2019 first quarter, thanks to improved underwriting margins and fewer catastrophe losses. The Boston-based insurer booked ...
Lloyd’s Invests in AI Startup Developing Liability Insurance Platform for Small Businesses
Lloyd's announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr's successful trial in ...