International
Companies Without Cyber Cover Relying on Kidnap Insurance to Recoup Ransomware Losses
Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry," ...
EU Must Guard Against UK Seeking Post-Brexit Regulatory Edge: Merkel
German Chancellor Angela Merkel said the European Union needs to guard against the U.K. gaining an economic edge by easing regulation when it leaves the bloc. On day one after Brexit, the U.K. will ...
Executives On The Move at XL Catlin, Allied World and JLT Re
Executives from AIG and Zurich will fill two leadership slots in XL Catlin's Canadian Environmental Insurance Team. Allied World appointed a new assistant vice president for property in Australia. ...
Artificial Intelligence Is Helping Zurich Insurance With Personal Injury Claims
Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. "We recently introduced ...
Avoiding Birds Is Big Focus of Amazon’s Delivery-Drone Research
Amazon.com Inc.'s development of package-delivery drones is progressing to the point where the company is now thinking a lot about geese. The e-commerce company said Thursday it has started ...
Post-WannaCry Risks: Lawsuits Over Lax Cyber Attack Protection
Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp. ...
Demand Should Soar for Cyber Insurance in Wake of WannaCry Attacks
Demand for cyber insurance is likely to soar in the wake of the WannaCry ransomware attacks that affected more than 300,000 computers in more than 150 countries around the world since May 12, Fitch ...
The Latest Launches From The Hartford, SOMPO Holdings and AXA
The Hartford debuted a new risk management information system to help large commercial customers at highest risk for loss. Two divisions of Sompo Holdings are launching a natural catastrophe risk ...