American Financial Group to Acquire Crop Risk Services From AIG for $240M
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) ...
Industry News
Scientists Probe Sudden Spike in Ocean Temperatures
The world's oceans have suddenly spiked much hotter and well above record levels in the last few weeks, with scientists trying to figure out what it means and whether it ...
NJ Court Affirms Merck Ruling: War Exclusion Does Not Apply to Cyber Attack
The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.'s all-risk property ...
Can Insurance Find a Home in the Metaverse?
A Cognizant report published last year, titled "A pragmatist's guide to the Metaverse," said if you ask three people what the Metaverse is, you'll get three different ...
RSA Insurance Launches Superyacht Practice, Led by Chubb’s Grew
RSA Insurance announced it is launching a Superyacht practice, providing comprehensive cover for the larger end of the market, which is traditionally professionally ...
WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems
WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge ...
Munich Re: Supply Chain, Ransomware Threats Top 2023 Cyber Risks
Global costs of cyber crime are expected to surge within the next five years, rising from an estimated $11 trillion in 2023 to nearly $24 trillion by 2027, according to the latest cyber insurance ...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed
In striking contrast to last year's double-digit rate hikes for public directors and officers liability insurance and 100-200 percent jumps for cyber coverage, some buyers renewing those coverages ...
MGAs, DUAEs Sparked Double-Digit Growth in ’22 U.S. Premiums: AM Best
Direct premium written through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 ...
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender's executives for ...