Industry News
Chubb Establishes Small Commercial Division for Asia Pacific Region
Chubb established its new Small Commercial Division for the Asia Pacific region, with a focus on risk management needs of small- and medium-sized businesses. Jason Keen, Chubb's regional head of ...
Cyber Insurance Market Will Near $17B by 2023: P&S Market Research
The global cyber insurance market, valued at $3.4 billion in 2016, is forecasted to reach nearly $17 billion by 2023, growing at a compound annual growth rate of more than 20 percent from 2017-2023, ...
Travelers Plans to Stick to Current ‘Prudent’ Cyber Insurance Growth Rate
Travelers Cos Inc plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer ...
The Latest Launches From AIG and Guidewire
AIG and a new partner will work on improving technology for investment portfolio data management. Guidewire Software rolled out enhancements to its InsurancePlatform product, changes designed to help ...
Colgate-Palmolive Settles Talc/Asbestos Lawsuit
Colgate-Palmolive Co. agreed to settle a lawsuit claiming its talcum-powder products caused a Pennsylvania woman to develop mesothelioma, a fatal lung disease tied to asbestos exposure. New ...
China Will Let Overseas Firms Buy Majority Stakes in Its Domestic Insurers
China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local ...
Climate Risks Leave Insurers Bracing for Perilous Future
After one of the worst Atlantic hurricane seasons in history, the world's biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against ...
Insurers Late to the Game With a 3-D Printing Coverage Strategy
Insurers are woefully behind in developing a coverage strategy for 3-D printing and stand to face liability problems if they don't do so, an expert appearing at the PLUS 2017 conference in Atlanta ...