News
Anthem to Settle U.S. Data Breach Lawsuits With Record $115M Payment
Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which ...
Apple, Cisco Jointly Pursue Cyber Insurance Discounts for Their Business Clients
Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Industry’s First-Quarter 2017 Net Income Down 42.2 Percent
The U.S. property/casualty industry saw net income after taxes plummet 42.2 percent to $7.7 billion in first-quarter 2017 from $13.4 billion for the same period in 2016—the lowest net income since ...
Five Questions With Friendsurance Co-Founder Tim Kunde
When Carrier Management last checked in with Friendsurance in June 2016, the Berlin-based company was pursuing expansion, both in number of customers and geographic reach. One year later, the ...
XL Catlin, The McGowan Companies Seal Workplace Violence Insurance Marketing deal
XL Catlin and The McGowan Companies have an exclusive underwriting agreement to start marketing workplace violence insurance to U.S. businesses. The arrangement calls for The McGowan Companies, a ...
Tiny Cameras, Sensors Help Reduce Risks in Cars With Automated Driving Tasks
Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like ...
The Hartford Is Transferring $1.6B in Pension Liabilities to Prudential
The Hartford said it will transfer $1.6 billion of its pension liabilities to Prudential Financial, affecting current and future benefits for about 16,000 former employees. Plans call for having the ...
Cyber Attack Disrupts Some UK Parliament Communications
A cyberattack disabled some of the U.K. Parliament's communications on Saturday, disrupting the ability of lawmakers to access their email, a House of Commons spokeswoman said. In order to stop the ...