Industry News
Many Cyber Criminals Return After Ransomware Payments Are Made
Over a third (36 percent) of companies that paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, 41 ...
New York Proposes Changes to Financial Services Cybersecurity Regulation
More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened ...
Hourly.io, Great American Insurance Announce MGA Collaboration
Hourly.io, a workers comp and payroll startup, announced today that it is expanding its reach through a collaboration with Great American Insurance Group. In this expanded collaboration, Hourly will ...
With Another Fla. Hurricane Coming, Signs Pointing to Bigger Spike in Reinsurance Rates
One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that could add fuel to the fire for a reform package at the upcoming special ...
E-Bike, Scooter Battery Fires Spark Concern in NYC
A weekend fire that injured over three dozen people--and forced firefighters to use ropes to pluck people from a 20th-story window--is drawing attention to a rising concern in New York City: battery ...
Ambac Acquires All Trans Risk Solutions, Capacity Marine Corporation
Ambac Financial Group Inc., a financial services holding company, acquired majority stakes in both All Trans Risk Solutions LLC and Capacity Marine Corporation. All Trans Risk Solutions LLC is a ...
Executives on the Move at Hamilton, AXA XL, AXIS Capital
Hamilton Insurance Group announced the appointment of Anita Kuchma as chief executive officer of Hamilton Select, its U.S. excess and surplus (E&S) lines insurer. She reports to Group CEO Pina ...
Ruling Exposes Gov’t to More than $1B in Damages Because of Harvey Flooding
A federal court has found the U.S. government liable for $455,000 in damages to six claimants whose homes were flooded by water backed up behind two dams near Houston during Hurricane Harvey — but ...