Industry News
Shipping Insurance Premiums Spike Following Tanker Attacks in Middle East
Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise further as ...
Russian Hackers Believed to Be Probing U.S. Power Grids
A group of hackers that shut down a Saudi Arabian oil and natural gas facility in 2017 is now targeting electric utilities in the U.S. and Asia, according to cyber-security company Dragos Inc. The ...
U.S. Rainfall to Leave Farmers With Estimated 2.2 Million Unplanted Soy Acres
American farmers, already set to leave a record number of acres without corn, now face the prospect of also failing to plant soybeans because of rampant rainfall. Growers are expected to file ...
Swiss Re Confirms ReAssure’s Plan for London IPO
Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The ...
The Latest Launches From Travelers and Aspen Insurance
Travelers has added a new endorsement to California home and landlord policies meant to help counter wildfire risks. Aspen Insurance debuted its new cyber risk management platform. *** The Travelers ...
Liberty Mutual Invests in, Partners With Autonomous Vehicle Safety Tech Startup
Liberty Mutual has taken a preemptive step to helping brokers and customers alike better understand emerging autonomous vehicle technologies, partnering with a technology firm focused on the matter. ...
AXA, W.R. Berkley Finance Startups Focused on Cybersecurity Ratings, Digital Coverage
AXA joined a $50 million financing for an information security company that rates companies' cybersecurity readiness. W.R. Berkley Corp. led a $12.5 million funding round for a startup with an ...
Guy Carpenter Suspends Two Over Email Harassing Incident
A Lloyd's of London insurance broker, Guy Carpenter & Co., suspended an executive for sending a sexually suggestive email about a female colleague. A second employee was suspended for forwarding ...