Industry News
Ransomware Attacks More Than Doubled in 2019: Beazley
A new report from Beazley Breach Response (BBR) Services reveals that the number of ransomware attack notifications against clients increased by 131 percent in 2019, as sums demanded by surged along ...
APCIA Asks Regulators for More Coordination on COVID Data Calls
Delivering remarks about the property/casualty insurance industry's response to the growing impacts of COVID-19 on policyholders late last week, an industry group executive called on the NAIC to ease ...
Pandemic Bonds Prove Better for Investors Than Stricken Nations
To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of "pandemic bonds" several years ago: the idea was to leverage private capital ...
ISC, an InsurTech and MGA, Makes Fourth Acquisition Since 2016 Launch
Integrated Specialty Coverages, an InsurTech startup and managing general agent, recently acquired Access Partners Insurance Services, a multiline wholesale broker. Neither side disclosed financial ...
Donelan Set to Become CEO of Sompo International Re Biz
On Friday, Bermuda-based Sompo International Holdings Ltd. announced that Christopher Donelan will become the next chief executive of Sompo International Reinsurance. Donelan is currently the Deputy ...
Pressure Builds on Insurers to Be Part of Coronavirus Business Solution
While federal and state legislators try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, pressure is mounting on private property/casualty ...
Specialty P/C Insurers More Likely to See Business Interruption Losses: Analyst
The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst. KBW's Meyer Shields ...
Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns
A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge for a declaratory judgment that its business interruption policy will cover its damages if ...