Specialty
The Ratio of Cyber Ransoms Demanded to Ransoms Paid Is Declining: Corvus Report
There are some early signs of improvement in ransomware costs due in part to policyholder actions that helped reduce cybersecurity risks, according to a new report from Corvus Insurance. The ...
Thousands of Unvaccinated U.S. Workers Risk Losing Their Jobs Due to Employer Mandates
Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation ...
Concert Group Holdings Raises $100M to Fuel Insurance Fronting Expansion
Concert Group Holdings – a newly formed business dedicated to insurance fronting – has raised $100 million in capital to fund its growth. A fronting company is a licensed and admitted insurer ...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. "It is our belief at AXIS that [insurance/reinsurance] ...
Business Owners Remain Overconfident About Their Ransomware Risks and Preventative Steps: Embroker
Business owners – even many technology startups - remain vastly overconfident about both their risk for ransomware attacks and insurance they have in place to prevent them, according to a new ...
The Latest Launches From Guy Carpenter and Tokio Marine Highland
Guy Carpenter launched a Wildlife Risk Score designed to help clients manage their exposure to wildfire risk in Europe. A division of Tokio Marine Kiln now offers fine art insurance for personal and ...
New York AG Orders Two Cryptocurrency Lending Platforms to Cease Activity
Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their ...
Guidewire Launches Program to Connect Its Insurance Customers to Possible InsurTech Partners
Guidewire Software has launched a new program designed to connect its insurance industry customers to up-and-coming InsurTechs. Dubbed, Insurtech Vanguards, the program will highlight innovative ...