Cyber Insurance Can Incentivize Resilience—If Regulators Let It
The cyber risk landscape has transformed dramatically over the past decade.
Among other things, email phishing attacks have become more ...
Markets
Markel Insurance Selling Reinsurance Renewal Rights to Nationwide
In separate announcements late Wednesday, Markel Group and Nationwide revealed that Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2 billion book ...
Construction Projects Facing Delays Under Threat of ICE
Under a broiling Alabama sky a frustrated Robby Robertson, a construction site superintendent, surveys an 84,000 square foot, mostly built recreation center close to the Gulf ...
Some Large Accounts Start Seeing Chubb’s Back as It Focuses on Middle, Small
The global middle market and small commercial is where it's at for Chubb, according to its CEO. "The pattern of growth and opportunity continues," Evan G. Greenberg said on a call with analysts to ...
All Good Things Come to an End: U.S. P/C Insurance Premium Forecast Dips
From the perspective of insurance carriers, a four-year trend of superior growth is taking an unfavorable turn, giving way to more moderate levels of increase, according to a recently released ...
1,000-Year Texas Flood Damage Estimated at $1.1B; Little Insured: Cotality
Cotality, a property data and analytics company, estimates that Central Texas flash floods over the July 4 weekend, which claimed the lives of more than 120 people, also caused $1.1 billion in damage ...
‘We’ll Have to See How This Plays Out,’ Says CEO Berkley on MGA Competitors
The leader of W.R. Berkley Corp. has seen it before—some version of the MGA movie in which delegated underwriting authority is given to market participants whose ambitions aren't always aligned ...
Drone Crashes, Security Threats Have States Demanding Power to Take Them Down
While authorities were desperately trying to save people from the deadly Fourth of July floods in Kerr County, Texas, a private drone collided with a search and rescue helicopter and forced it to ...
Why Progressive’s Customer Scores Lag State Farm, GEICO: J.D. Power
When it comes to personal auto insurance, Progressive has been outpacing GEICO and State Farm in terms of growth and posting better loss ratios for years. But customer satisfaction scores are another ...
Munich Re, CyberCube Report Warns of Growing Systemic Cyber Risk
Risks associated with systemic cyber events are no longer hypothetical scenarios but growing realities for organizations, insurers and cybersecurity professionals alike, ...