Markets
Draft Biden Order Compels Software Vendors to Disclose Breaches to U.S. Govt.
A planned Biden administration executive order will require many software vendors to notify their federal government customers when the companies have a cybersecurity breach, according to a draft ...
$6B-$10B Per Week in Lost Trade Possible Due to Suez Canal Blockage: Allianz
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe's biggest insurer also ...
U.S. Regulators Are Close to Creating Pet Insurance Legal Standards
U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not ...
Securities Class Action Settlements Held Steady in 2020 Despite Pandemic
Securities class action settlements for 2020 generally kept pace with recent years despite the pandemic, according to a recent report from Cornerstone Research. The report, "Securities Class Action ...
Executives On The Move at AXIS and Aspen
AXIS Insurance hired two underwriters to its Global Cyber and Technology team. Aspen Insurance Holdings named a new Non- Executive Director to its board. *** AXIS Insurance hired two underwriters to ...
Claims Management InsurTech Snapsheet Raises $30 Million
Snapsheet, a claims management platform InsurTech, raised $30 million in new financing that will help further build out its cloud-based system and meet customer demand that has surged in the wake of ...
Generali Increases Bid for Aviva’s Polish Arm
Italian insurer Generali has nudged up its bid for Aviva's Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two ...
Lloyd’s of London Brokers Could Trade Pinstripes for Pajamas After Pandemic
When the pandemic is over, the brokers of Lloyd's of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. A trade body representing brokers ...