Industry News
U.S. Cybersecurity Report Calls for Major Government Role in Cyber Insurance
A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally funded center to develop cybersecurity insurance ...
Buffett Cancels ‘Woodstock for Capitalists’ Due to Coronavirus Worries
Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of ...
Italy’s Generali Will Create Fund to Help Countries Combat Coronavirus
Italy's biggest insurer Generali on Friday joined a rising number of companies that have rushed to provide funds to fight the coronavirus crisis. Italy has been hardest hit by the outbreak in Europe, ...
Coronavirus Crisis Hits Insurers With Double Whammy
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy — a sharp rise in payouts at a time of big ...
Lloyd’s Trading Will Continue During Shutdown of London Building for Coronavirus Stress Test
Lloyd's is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at 12:01 a.m. on March 13 and for ...
The Impact of Coronavirus on Workers Comp: NCCI
The National Council on Compensation Insurance (NCCI) has offered its perspective on the potential implications of coronavirus on the workers compensation industry. Compensability: Workers comp laws ...
Insurers Could Be Unknowingly Subsidizing Marijuana Grow Houses
While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital ...
AXA Will Establish $156B Asset-Management Unit for Alternative Assets
AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real estate and other alternative assets. The French insurer will divide its ...