Government
U.S. Cybersecurity Report Calls for Major Government Role in Cyber Insurance
A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally funded center to develop cybersecurity insurance ...
Coronavirus Spread Raises Govt. and Bank Demand for Debt Insurance
The cost of insuring exposure to sovereign as well as corporate debt rose almost across the board on Friday as the spread of coronavirus raised the prospect of debt distress and government bailouts. ...
Proposed U.S. Legislation Coming That Threatens Tech Platform Encriptions
U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to ...
A New Risk for Muni-Bond Insurers: Ransomware Attacks on Healthcare Providers
Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital's ...
Brexit Arrives, While Scotland Keeps Fighting for Independence
As jubilant Brexit supporters gather to celebrate the U.K.'s departure from the European Union, Scotland is digging in to its position as the last bastion of political resistance. First Minister ...
Brexit Transition Period Ahead for UK, EU Insurers: A.M. Best
As of Jan. 31, 2020, Brexit is finally here. But the UK's departure from the European Union shouldn't have any immediate impact on UK or EU insurers, A.M. Best said in its latest commentary. That ...
Brexit Finally Dawns, and the European Central Bank Urges Calm
The European Central Bank said it's closely monitoring financial markets and is ready for all contingencies from Brexit, in a statement of reassurance on the eve of Britain's final departure from the ...
European Carriers May Need More Protection for Policyholders if Insolvency Happens: EU
Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer ...