Markets
Embroker: Cybersecurity a Top Investment Focus for Startup Founders in 2023
Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index: Startup Edition, published today. The report said startup founders ...
Apple Sued by Women Who Say Airtag Lets Stalkers Track Victims
Apple Inc. has been sued by two women who said its AirTag devices have made it easier for their former partners and other stalkers to track down victims. In a proposed class action filed on Monday in ...
FloodFlash Eyes Parametric Splash in U.S.
Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. FloodFlash is set to begin offering ...
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36 percent of the company's cyber claims — an ...
A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best
Apparently, nothing has changed within the last several months to change AM Best's negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it ...
Is ILS Missing the Mark on Cyber?
If fortune favors the brave, trepidation in the insurance-linked securities market may be dampening investor profits. Recent outlier losses in the property-catastrophe market have left ILS investors ...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which ...
Pa. Court Splits on Whether Coverage Owed for COVID Shutdown
A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was not. Policy language made all ...