Markets
Flood Rating 2.0 Begins April 1 for NFIP Renewals, Hiking Premiums for 2 Million Homes
Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their flood insurance policies, thanks to the federal government's new ...
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a "current" threat to ...
California Watchdog Group Report Calls for Privacy Protections From Connected Cars
A new report from a consumer group calls out what it says are privacy problems posed for consumers from connected cars, and it points to new rules to be developed in California as a potential model ...
Beazley Restructuring Its Underwriting Team to Support Growth Ambitions
Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to ...
On the Cutting Edge: How Successful Carriers Can Drive Cyber Insurance Forward
Panelists at Insurance Journal's March webinar, Raising the Bar on Cybersecurity, said a paradigm shift is happening in cyber insurance as carriers embrace technology, and those that don't keep up ...
New Homeowners Repair Finance Platform, Captain, Raises $104M
Emerging from stealth mode last Thursday, Captain, a fintech platform that helps homeowners rebuild after natural disasters, announced that it raised $104 million. The total financing consisted of ...
U.S. Increases Fines for Automakers Not Meeting Fuel Economy Rules
The U.S. National Highway Traffic Safety Administration (NHTSA) on Sunday reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for model ...
Court Reverses Prior Coverage Decision on Target Cyber Breach: Chubb Must Pay
In an "extraordinary remedy" of a judgment from a year ago, a federal court judge in Minnesota reversed a decision that Target Corp. was not entitled to insurance coverage from Chubb for costs the ...