Specialty
Ransomware Attacks More Than Doubled in 2019: Beazley
A new report from Beazley Breach Response (BBR) Services reveals that the number of ransomware attack notifications against clients increased by 131 percent in 2019, as sums demanded by surged along ...
ISC, an InsurTech and MGA, Makes Fourth Acquisition Since 2016 Launch
Integrated Specialty Coverages, an InsurTech startup and managing general agent, recently acquired Access Partners Insurance Services, a multiline wholesale broker. Neither side disclosed financial ...
Specialty P/C Insurers More Likely to See Business Interruption Losses: Analyst
The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst. KBW's Meyer Shields ...
Managers Can Make Their Employees Happier by Asking How Their Week Went
Send an email asking staff members how their week went. Leaders who do this gain a good way to keep employees happy at work. According to a recent posting with The Chief Happiness Officer Blog, this ...
Malpractice Claims Climbing Higher for Architects and Engineers, Insurers Say
Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & ...
Lloyd’s Shuts Down London Underwriting Room Over Coronavirus Crisis
After conducting a successful stress test of its electronic trading system last week, Lloyd's has made the decision to close its underwriting room in response to the coronavirus outbreak. As a ...
N.J. Bill Would Make Insurers Cover COVID-19 Business Interruption Claims
A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the ...
Future InsurTech Venture Financings Could Face a Coronavirus Slowdown
InsurTech venture capital financings in the pipeline appear to be going forward, but the likelihood of future deals could be an open question in light of the coronavirus pandemic, according to an ...