Attorneys: Ransomware a Multi-Layered Risk for Policyholders
The evolution of ransomware is bringing a wider range of risks to insurance policyholders, with new government regulations, exfiltration of data and state-sponsored ...
Industry News
The Latest Launches from NEXT Insurance, LexisNexis, HSB
NEXT Insurance, a digital InsurTech focused on small business insurance, announced its renewed commitment to small business restaurant owners with the expansion of Employment Practices Liability ...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any ...
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are ...
Hacker Claims Breach of FBI’s Critical-Infrastructure Portal
A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more than 80,000-member database of InfraGard, an FBI-run ...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black policyholders versus claims ...
Safety Probe Opened Into Autonomous Driving System in GM’s Cruise Vehicles
Auto safety regulators in the U.S. have opened a formal safety probe into the autonomous driving system in vehicles produced by General Motors' robotaxi unit Cruise ...
Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their ...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz
Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions, a slowdown in M&A activity, as ...
Munich Re U.S. CEO Kuczinski to Retire at Year’s End
Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re U.S. P&C Companies and of Munich Re U.S. ...