Specialty
May’s ‘Ring of Fire’ Storms Will Produce $2.5B in Insurance Claims: Karen Clark & Co.
Heavy wind, hail and rain storms—a "ring of fire" that struck most states east of the Rocky Mountains May 11-16—will likely produce substantial insurance claims, catastrophe modeling firm Karen ...
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...
The Latest Launches From AGCS, QBE and Aon
Now on the market from Allianz Global Corporate & Specialty: an expanded project cargo offering. QBE North America has launched a comprehensive policy offering unique coverages for construction ...
Executives On The Move at Zurich North America and Erie Insurance
An executive who was previously based at XL Catlin and AIG is joining Zurich North America in a leadership role. Erie Insurance promoted a veteran employee to vice president of property and ...
Europe’s Fledgling Cyber Insurance Market Stands to Gain From New Privacy Rules
Data privacy rules coming into force this week are giving Europe's fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. ...
Smaller Firms Opting Out of Otherwise Soaring Cyber Insurance Market: A.M. Best
The U.S. cyber insurance market grew significantly in 2017, with direct premiums written hitting $1.8 billion, up 32 percent from the previous year, according to an A.M. Best special report. ...
AmTrust’s Proposed Privatization Attracts Another Opponent: Shareholder Arca Capital
The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services ...
Judge Won’t Release Calif. Utility From Wildfire Cost Claim
PG&E Corp. suffered another legal setback with a judge saying he won't release the company from a key legal claim over the most destructive wildfires in California history. PG&E has been ...