Specialty
2016 Ransomware Attacks Against Businesses Multiply Rapidly
Ransomware attacks against businesses will be four times higher in 2016 than last year, with a growing number of ransom-seeking hackers demanding bitcoin rather than money, according to a report by ...
AIG’s Limits for Terror Cover Quadruple to $1 Billion
American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities. The previous limit was $250 million, ...
Chubb CEO Greenberg: Enhanced Digital Experience Coming for High-Net-Worth Customers
Chubb CEO Evan Greenberg said the insurer plans to enhance its high-net-worth customers' digital experience in the coming months, underscoring the growing importance of InsurTech improvements as part ...
Chinese M&A Continues; Billionaire Investor Moves to Snag Genworth
China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth ...
AAMGA, NAPSLO Exploring Merger
The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one ...
New York, San Fran Legal Fights Test Airbnb Business Model
Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. In eight years of torrid growth, the company has often clashed with local public officials ...
Online Sites From N.Y. to L.A. Crashed Friday in Hacker Web-Host Siege
Millions of internet users temporarily lost access to some of the world's most popular websites Friday, as hackers hammered servers along the U.S. East Coast with phony traffic until they crashed, ...
Typhoon Haima Hits China; Earthquake Strikes Eastern Japan
AIR Worldwide issued two new weather event updates, covering Typhoon Haima in the Philippines and China and an earthquake in Japan. After wreaking havoc with heavy rains in northern Luzon and ...