Industry News
Another Soft Market Is Inevitable
In recent weeks, executives of brokers and carriers have been delivering mixed messages about conditions in the commercial insurance market. "The long curve, the larger trend, is bending in a ...
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered ...
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 ...
Digital Personal Lines Claims Portals at High Risk of Identity Fraud
Identity-related fraud is putting personal lines insurers to the test. Nearly all offering digital claims portals reported, in a newly released survey, that identity fraud has a negative impact on ...
Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers
"Political attacks" are interfering with insurers' efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group ...
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc's former chief marketing officer — accused of stealing about $10 million from the company — has not made court appearances, spent money in violation of court ...
Cyber Insurance: A Growth Market for Insurers With Some Caveats
As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today's DBRS Morningstar's commentary ...
Verisk, CCC Partner to Thwart Auto Insurance Fraud
Earlier this month, CCC Intelligent Solutions Inc. and Verisk Analytics Inc. announced a strategic alliance leveraging their technologies to enhance claims analytics. Their first project is the ...