Industry News
AIG Execs: Cyber Insurance Demand Will Soar in China, Asia Following WannaCry Attack
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at ...
Bulk of July Natural Disasters Slam Asia; Damage Tally Surpasses $10B
The vast majority of global natural disasters during July were the result of severe flooding across the Asian region, bringing more than $10 billion in economic damages, according to a report ...
Wells Fargo, National General Face CA Regulatory Scrutiny in Auto Insurance Scandal
California will investigate whether Wells Fargo & Co and an insurance company harmed hundreds of thousands of residents by selling them insurance they did not need, the state's insurance ...
Smaller Businesses Less Happy With Their Insurance: J.D. Power
Not all small businesses are the same when it comes to customer satisfaction with their commercial insurance. There are actually widening satisfaction gaps among small businesses of different sizes, ...
State Auto’s Q2 Results Include Improved Income and Combined Ratio
State Auto Financial Corp.'s latest financial results appear to be a step in the right direction. The Columbus, Ohio-based super regional insurer reported 2017 second quarter net income of $8.7 ...
Generali Will Sell Panama Business to ASSA for $172M
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for $172 million, continuing its strategy to focus on core businesses. Under the transaction, ...
The Latest Launches From XL Catlin and Liberty Mutual
XL Catlin's North American Construction business has a new product designed for large contractors and some owners of large construction projects. Liberty Mutual debuted its new proprietary Premier ...
U.S. Army Abandons Use of Chinese-Made Drones Due to Cyber Vulnerability Worries
The U.S. Army has ordered its members to stop using drones made by Chinese manufacturer SZ DJI Technology Co Ltd because of "cyber vulnerabilities" in the products. An Aug. 2 Army memo posted by sUAS ...