Markets
Commercial Cyber Liability Market Will Reach $6.2B in Written Premium by 2020: Verisk
The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a new market analysis. "Cyber liability ...
Travelers to Help Test Virtual Reality Tech as Workers Comp-Related Pain Treatment
The Travelers Companies is part of a new pilot project testing virtual reality and wearable technology to treat pain and better manage workers compensation risks. Cedars-Sinai Medical Center, Samsung ...
Cryptocurrency Risks Underscored in New $1B U.S. Lawsuit
One of the highest profile digital-currency projects in Switzerland, a country that's been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders ...
EU Offers Britain Post-Brexit Trade Deal Far Short of May’s Wishes
The EU on Wednesday offered Britain a free trade deal for their post-Brexit ties that fell well short of ambitions set out by Prime Minister Theresa May last week, notably for the country's dominant ...
BlackBerry Sues Facebook, Alleging Patent Violations Over Messaging Tech
BlackBerry Ltd., seeking ways to stem revenue declines, is dusting off its old patents and asking other companies to pay up for using technology BlackBerry claims it invented years ago. The latest ...
Ransomware Attacks, Cloud Outages Among Top Concerns for Cyber Insurers: Aon Benfield
The rate of cyber extortion incidents continued to increase during the fourth quarter of 2017. In fact, despite a significant lag in reporting time, the total number of cyber extortion events ...
AXA’s $15.3B Deal to Buy XL Group Leads to S&P CreditWatch Negative Status
Standard & Poor's placed France's AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the ...
Zurich Insurance, Others With WEF Create Fintech Cybersecurity Consortium
The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial ...