Specialty
IMF Official: Omicron COVID Variant Will Lead to Growth Downgrades
Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina ...
Insurers Passed the Pandemic Test: III CEO Kevelighan
Over the last two years of the coronavirus pandemic, property/casualty insurers have been rigorously put to the test in multiple ways. According to Insurance Information Institute CEO Sean ...
P/C Insurers Face ‘Massive’ Political Risks in 2022: III Joint Industry Forum
Property/casualty insurers head into 2022 facing "massive" political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery ...
Hundreds of Thousands of Livestock Perish in Canada Floodwaters
Hundreds of thousands of livestock have perished in floodwaters in Canada's westernmost province, the British Columbia government said Thursday. Back-to-back deluges from atmospheric rivers have ...
Lessons from CNA, JBS and Colonial Pipeline Ransomware Payments
In March 2021, CNA Financial Corp., one of the country's largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to ...
European Insurers Brace for Sanctions Over Nord Stream 2 Pipeline
A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian ...
Finland Struggling to Stop Malware Attack Spread by Text Messages
Finland is working to stop a flood of text messages of an unknown origin that are spreading malware. The messages with malicious links to malware called FluBot number in the millions, according to ...
WTW Completes $3.25B Sale of Treaty Reinsurance Brokerage Business to Gallagher
Arthur J. Gallagher & Co. announced it has completed the $3.25 billion acquisition of nearly all of the treaty reinsurance brokerage operations of Willis Towers Watson plc. Together with ...