Industry News
Lloyd’s Loses $1.3B in 2018; Natural Catastrophe Surge to Blame
Lloyd's of London reported a £1 billion (US$ 1.3 billion) loss for 2018, attributed to an above-average number of major natural catastrophes such Hurricanes Florence and Michael, Typhoon Jebi in ...
‘FEMA Is Worthless’ as U.S. Midwest Farms Pursue Post-Flood Recovery Process
Missouri farmer Richard Oswald needs a lot of help to recover from flooding that left his home and farm looking like a manmade island in an inland sea. Relief groups are giving tetanus shots and ...
Hannover Re Debuts Match-Making Service for InsurTechs and Insurers
Insurtech companies across the globe have created an abundance of innovative solutions and services that span the insurance value chain. However, the challenge for both insurers and insurtechs is how ...
Lloyd’s CEO Neal Pledges to Name/Shame Those Who Commit Sexual Harassment
Lloyd's of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. "When we do see instances of bad ...
Sayata Labs Raises $6.5M for Cyber Risk Assessment Product; AXA Is Early Partner
Sayata Labs has nailed down $6.5 million in seed funding to pursue development of its cyber risk assessment product designed for insurers to use with small and medium-sized businesses. The Tel ...
Ransomware Demands Soar Along With Cyber Claim Costs: NAS Report
Cybercrime claims by policyholders outside the healthcare sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as ...
Lloyd’s Comes Up With ‘Robust Plan of Action’ to Address Sexual Harassment Reports
Lloyd's is releasing "a robust plan of action to address reports of sexual harassment in the Lloyd's market and create a safe and inclusive working environment." The plan includes possible lifetime ...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe Departs
Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring on two executives in newly created roles, and a third leader is leaving the company. The Bermuda-based insurance ...