Markets
Willis: IT Costs Trump Cyber Concerns For Financial Services Firms
Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to ...
GEICO Expands Ridesharing Coverage Into Texas Market
GEICO is entering the Texas insurance market with its ridesharing policy that covers drivers on and off the job, part of a state-by-state rollout that will eventually go national. The auto insurer ...
Philadelphia Insurance Acquires New York Accident & Health MGA
Philadelphia Insurance Companies is acquiring a managing general agent for group accident & health insurance, a deal that gives it new platform from which to sell its core offerings. The ...
New Texas Flood Threat Looms; Tropical Storm Carlos Growls in Pacific
As Tropical Storm Carlos churns in the Pacific, threatening Mexico's coast, the Atlantic's second storm of the year may be developing over the Yucatan Peninsula, with the potential to reach Texas and ...
Scope of Federal Hack Attack Widens as White House Weighs Responses
More federal personnel records have been hacked than previously reported and U.S. officials are weighing responses ranging from new counterintelligence initiatives to destroying the data in the ...
Marsh Sees Directors and Officers Risking Cyber Attack Liability
Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an ...
Standard & Poor’s: U.S. Insurers Responding Cautiously to Soaring Cyber Coverage Demand
Standard & Poor's predicts a major jump in demand for cyber insurance in the coming years, with interest initially outstripping supply. U.S. insurers will respond gradually, however, entering the ...
Willis Expands in Asia With Taiwan Acquisition
Willis Group Holdings Plc will snatch up a broker in Taiwan, nearly doubling the size of its existing business in the country. Acquiring Elite Risk Services Limited of Taiwan will also give Willis ...