Markets
Credit Reporting Agency Equifax Reveals Cyber Attack; 143 Million Customers Possibly Impacted
Equifax Inc. said its systems were struck by a cyber attack that may have affected about 143 million U.S. customers of the credit reporting agency, shedding light on one of the largest and most ...
Hurricane Irma Threatens $1.2B of Florida Crops; Insurance Issues Will Vary
Hurricane Irma is threatening to wreak havoc on Florida farmlands, menacing $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash and ...
Universal Insurance Holdings Has Plenty at Stake if Irma Hits Florida
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market ...
Executives On The Move at Hamilton Re, AIG and Hub International
Hamilton Insurance Group's Hamilton Re made a number of new underwriting-based leadership changes. AIG has a new general counsel. Hub International's president is now also its CEO. *** Hamilton Re, ...
Even With Hurricane Harvey, Reinsurance Rates Will Still Fall, Ratings Agencies Predict
Global reinsurance rates are likely to fall by up to 7.5 percent at Jan 2018 renewals due to strong competition, despite the impact of Hurricane Harvey, ratings agencies said on Tuesday. Reinsurers, ...
Reinsurers Concerned About Cyber Risks Despite Growth Opportunities
Cyber risks continue to morph and grow rapidly around the world, spurring ever-increasing demand for insurance that addresses the risks at hand. Some broker experts who follow the sector see ...
UPDATED: Expect Many More Hurricane Harvey Loss Estimates Before Specifics Are Clear
More than a week since Hurricane Harvey struck Houston and the surrounding Texas and Louisiana coastlines, catastrophe modeling firms and others continue to issue estimates for economic and insured ...
InsurTech Drone Startup Betterview Raises $2M From Maiden Re, Others
Betterview, an InsurTech startup focused on capturing and analyzing data from drones, has raised just over $2 million in venture financing. Compound Venture Capital led the $2.05 million seed round. ...