Reinsurance
Major Ransomware Virus Attacks Servers Across Europe
A major ransomware attack on Tuesday hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk. ...
Anthem to Settle U.S. Data Breach Lawsuits With Record $115M Payment
Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which ...
Five More Flood Insurance Revamp Proposals Advance in House Committee
The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the ...
Executives On The Move at XL Catlin, JLT Re and Everest Re
XL Catlin promoted an executive on its E&S team. JLT Re named a new partner for its Bermuda operation. Everest Re Group hired a former Hiscox executive to be its vice president and head of the ...
Trump Talks Drones, Internet of Things With Tech Executives
President Donald Trump met with two dozen executives from technology companies and venture capital firms on Thursday for advice on how the government can promote emerging technologies such as drones ...
Reinsurance Rate Declines Continue With No Bottom in Sight: S&P
The global reinsurance sector is poised for yet another full year of declining rates, ensuring that a hoped-for bottom of the current market cycle will remain elusive in 2017, Standard & Poor's ...
A Pop-Up Lab Project: The Washington State Transit Insurance Pool Example
"On many of our projects, we work with tech startups and our clients," said Wendi Bukowitz, Innovation Lab leader at Munich Re, US. "We work with tech startups because the future of risk management ...
Tropical Storm Cindy Poised to Dump Heavy Rain in Four States
Tropical Storm Cindy emerged in the Gulf of Mexico with top winds of 45 miles (72 kilometers) per hour. So far, disruptions to oil and gas operations have been limited. The storm prompted watches and ...