Reinsurance
Global Cyber Reinsurance Rates Skyrocketed 40 Percent for July Renewals: Willis Re
Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware ...
Today’s ILS Investor: A Catalyst for Change
The $90 billion insurance-linked securities (ILS) sector is undergoing a sea change, led by investors with significant experience in the industry and a heightened awareness of the need to marry their ...
Praedicat, AIR Worldwide Announce Updates
In separate announcements, InsurTech Praedicat and Verisk's catastrophe modeling firm AIR Worldwide and unveiled changes to key products recently. Praedicat updated the litigation tracker in its ...
Gas Station Files Class Action Against Colonial Pipeline After Cyber Attack
Colonial Pipeline Co. was sued by a gas station seeking to represent thousands more over the ransomware attack in May that paralyzed the U.S. East Coast's flow of gasoline, diesel and jet fuel. EZ ...
How Pres. Biden’s Tax Plan Impacts Global Reinsurance, Fla. Homeowners
The bills for the Biden administration's multitrillion-dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A ...
Scoop, There It Is: Novel WFH, Missed Rent, Ice Cream Cookie Coverage
Some of the latest insurance product offerings include WFH Insurance from Nationwide, loss of rent insurance from Swiss Re's iptiQ, and "the tastiest insurance ever"—not really insurance—for ice ...
‘This Is The Big One.’ Early Fires Predicted Amid Historic Drought
Sarah Brunner opened the irrigation spigots on her farm in March, three months early. The rain should have still been falling in California. Now that summer is taking hold, she and her husband are ...
EIS Eyes New Insurance Software Growth Phase With $100 Million TPG Investment
Insurance software company EIS secured a $100 million investment from private equity firm TPG, money designed to help it accelerate product development across multiple product lines. A geographic ...