Global Economy
Chubb CEO Greenberg: Don’t Ban Ransomware Payments (Except Maybe Cryptocurrency)
How can insurers and society combat ransomware? Chubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the issue. He appears to make an exception, ...
China Regulator Will Guide Insurers to Boost Natural Disaster Offerings
China's banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. It also plans to raise public ...
Insured Losses From Germany’s Flooding Could Reach $6B: AIR Worldwide
AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6 billion). Low pressure system "Bernd" parked itself ...
Chubb Celebrates ‘Robust’ Q2 Financial Results; Commercial Lines Premium Gains Soar
Chubb released extremely positive Q2 results on July 27, driven in particular by strong gains in its commercial property/casualty business and related rate hikes in the sector. The company used words ...
Cyber MGU At-Bay Attracts $185M in New Financing, With Push Into New Markets Planned
At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development and expansion into new markets. Continued hiring is also planned. ...
Scientists Must Update Extreme Weather Climate Models After Missing the Mark
As scientists gather online to finalize a long-awaited update on global climate research, recent extreme weather events across the globe highlight the need for more research on how it will play out, ...
Global Supply Chains Falter as Inflation Continues and Virus Levels Jump
A U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased coronavirus infections and a global supply chain that, far from ...
U.S. FTC Has Until Aug. 18 to File Amended Facebook Complaint
A U.S. judge on Friday gave the U.S. Federal Trade Commission until Aug. 19 to file an amended complaint in its antitrust lawsuit against Facebook Inc, an extension of three weeks from the previous ...