News
$27 Billion: Predicted Insurance Payout for Global Malware Attack
A co-ordinated global cyber attack, spread through malicious email, could cause economic damages anywhere between $85 billion and $193 billion, a hypothetical scenario developed as a stress test for ...
Technology, New Risks Will Keep D&O Pricing Pressure On: A.M. Best
Directors and officers liability insurance will confront continued pricing pressure for the foreseeable future, hammered by everything from intense competition to a number of new risks, A.M. Best is ...
Chubb Seals 15-Year Distribution Deal With Chile’s Largest Bank
Chubb Ltd. is boosting its presence and digital capabilities in Latin America by way of a 15-year distribution agreement with Banco de Chile, the largest bank based in Chile. "This partnership will ...
The Latest Launches From PIMCO/Allianz, Everest and AmWINS/AXIS
PIMCO will work with corporate parent Allianz to launch its property/casualty insurance-linked securities business. Everest Insurance now offers property, commercial auto and workers compensation ...
These Are the Ways the UK Parliament Brexit Votes Could Go
U.K. Prime Minister Theresa May faces a series of votes on Tuesday that could change the direction of Brexit. Two rival factions in Parliament are trying to take control. If one wins, Brexit will ...
Ex-Chubb Exec Joins AIG to Lead Global Accident & Health Division
American International Group Inc. is bringing over a former Chubb executive to lead one of its major divisions. Edward Levin is AIG's new global head of Accident & Health, General Insurance. ...
Shared Electric Scooters Are Bringing a Surge of Litigation Possibilities
Over the past few years, cities across America have experienced sudden downpours of shared electric scooters, piling up almost overnight on curbs, sidewalks and front-yards from Atlanta to Los ...
Allianz Reportedly Negotiating to Acquire Malaysian Auto Insurer
Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia's second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the ...