International
ACORD Debuts Cyber Data Breach Cover Standard; Aon and Beazley Helped
ACORD, the global standards-setting body for insurers, has released what it bills as the industry's first standard for cyber data breach cover. Dubbed the ACORD Cyber Data Breach Standard, it was ...
Crypto Thefts Are Surging, Spurring More Coin Money-Laundering
Criminals are stealing more cryptocurrency from exchanges, and that's driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report. In the ...
Top Sovereign Funds Met in Paris to Map Out Climate-Friendly Strategy
Sovereign wealth funds managing more than $2 trillion are to lay out a strategy on Friday in Paris to pressure companies to be more climate-friendly, French officials said. President Emmanuel Macron, ...
May Trudges On With Brexit After Key Minister Abruptly Quits in Protest
British Prime Minister Theresa May pledged on Monday to pursue a newly agreed strategy to quit the European Union, in a challenge to those who may want to follow her former Brexit minister and quit ...
Q2 2018 Insured Cat Losses Land on the Low Side: Morgan Stanley
Insurers dealt with approximately $7.1 billion in global insured catastrophe losses during the 2018 second quarter, well below the historical average, Morgan Stanley estimates in a new research note. ...
Catastrophes Dipped in 2017 But Caused More Economic Damage: Swiss Re Sigma
Though there were fewer catastrophes globally in 2017 than the previous year, they caused significantly more damage, and the year's historic hurricane season is largely to blame, according to the ...
Trade Credit Insurance Gains a Fresh Look in Wake of Trump Tariffs
Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array ...
Files Seized From VW Law Firm Can Be Used in Investigation: Court Ruling
Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany's top court ruling on Friday that files seized from a U.S. ...