Industry News
Cloud Computing Is Becoming a Pricy Business Interruption Risk: Hartford Steam Boiler
Cloud computing is shaping up to be a pricy and challenging business interruption risk, according to a new survey from Munich Re/Hartford Steam Boiler. According to the 2018 HSB survey, 34 percent of ...
Nationwide Plans to Slash More Than 1,000 Jobs
Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des ...
The Latest Launches From Starr and ISO
Starr Insurance Companies is linking up with security firm Rapid7 to provide cyber loss prevention services to some of its customers. ISO came out with a management liability insurance program ...
Maiden Holdings’ A.M. Best Financial Strength Rating Dips Below ‘A’
Maiden Holdings is dealing with some A.M. Best ratings downgrades due to concerns about its operating performance. The ratings agency downgraded the long-term issuer credit rating to "bb" from "bb-" ...
CNA’s Commercial Lines Improvements Win Outlook Upgrade From S&P
CNA Group gained an outlook upgrade from Standard & Poor's based on improvement of its commercial lines business. S&P Global Ratings revised its outlook for CNA to positive from stable. As ...
Swiss Re Backs Cover of U.S. Solar Power Output Risks
A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing ...
Global Insurance Regulators Delay Applying ‘Too Big to Fail’ Label to Carriers
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American ...
Executives On The Move at Liberty Mutual, Hamilton Re and Willis Towers Watson
Liberty Mutual Insurance appointed four executives who will beef up the technology capabilities of its chief information officer. Hamilton Re hired away a Hiscox Re executive to fill a newly created ...