Reinsurance
HBO Tried to Delay Hacker Data Release With $250,000 Offer
Time Warner Inc's HBO network last month offered $250,000 to cyber criminals who hacked into its computer system, asking them to extend a deadline for paying a much larger ransom, according to an ...
Post-Hurricane Andrew, Miami Is Increasingly Vulnerable to Catastrophic Storm Damage: Swiss Re
Almost 25 years have passed since a Category 5 hurricane struck south of Miami, and the city's vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance ...
Insurance M&A Deals Now at Lowest Level Since 2015: Clyde & Co.
The volume of completed mergers and acquisitions in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second ...
Tesla Developing Self-Driving Trucks, Pushing for Tests in Nevada
Tesla Inc is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according ...
AIG Execs: Cyber Insurance Demand Will Soar in China, Asia Following WannaCry Attack
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at ...
Bulk of July Natural Disasters Slam Asia; Damage Tally Surpasses $10B
The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report ...
Leaked Federal Climate Reports Could Slow Rollback of Federal Regulations
A pair of highly anticipated government studies, one of them due to be released this week, could complicate President Donald Trump's effort to roll back federal climate regulations, according to ...
Aon Benfield Is Latest Broker to View Cat Bond Issuance as Hitting Historic Highs
Another insurance broker has concluded that insurance-linked securities are reaching record issuance levels. Aon Securities, Aon Benfield's investment banking division, determined that catastrophe ...