Markets
China Reportedly May Delay Full Launch of New Cyber Security Rules
China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country's internet ...
Innovation in Risk Modeling: How to Build a Plane While Flying It
When my partner, Vivek Basrur, and I started Karen Clark & Co. (KCC), we had no intention of building catastrophe models again. In fact, that's the one thing we said we wouldn't do. But after a ...
A ‘Textalyzer’ May be One Possible Way to Fight Distracted Driving
Ben Lieberman just wanted to find out what may have caused the head-on collision that killed his 19-year-old son, Evan, on a highway north of New York City. It took a lawsuit and six months in court ...
Clients Increasingly Savvy About Cyber Insurance Coverage
Cyber remains an evolving risk and insurers are still figuring out how to master it as demand morphs and soars. With that in mind, there is some good news: clients are increasingly better informed ...
Four Auto Makers Agree to $553M Settlement Over Takata Airbag Inflators
Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag ...
Ageas Now Relies on Artificial Intelligence to Manage Motor Claims
Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims, thanks to a new partnership with AI specialist Tractable. In what it describes as a first for the UK ...
Companies Without Cyber Cover Relying on Kidnap Insurance to Recoup Ransomware Losses
Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry," ...
EU Must Guard Against UK Seeking Post-Brexit Regulatory Edge: Merkel
German Chancellor Angela Merkel said the European Union needs to guard against the U.K. gaining an economic edge by easing regulation when it leaves the bloc. On day one after Brexit, the U.K. will ...