News
Hiscox Combines Cyber Risk/Professional Liability in New Hospital Coverage
Hiscox recently started marketing a combined cyber risk/professional liability coverage for hospitals. The product combines the services of its healthcare and cyber underwriters under the name ...
AIR Worldwide Estimates up to $11B in Insurable Losses for Louisiana Floods
Catastrophe modeling firm AIR Worldwide estimates that insurable losses from the rainfall-induced Louisiana floods in August will be between $8.5 billion and $11 billion. The rainfall lasted about ...
P/C Insurers’ Underwriting Losses Worsened in H1: A.M. Best
Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an ...
New York, New Jersey Bomb Explosions Will Affect Future Terror Modeling: RMS
The Sept. 17-18 bomb explosions in New York and New Jersey will have implications for the modeling of terrorism risk due to a shift in tactics, according to an expert with catastrophe modeling firm ...
Tesla Warns Shareholder Suits Could Delay SolarCity Acquisition
Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. The company said four lawsuits were filed in ...
U.S. VW Diesel Probe Reportedly Expands to Software Maker Bosch
U.S. prosecutors are investigating whether Germany's Robert Bosch GmbH, which provided software to Volkswagen AG, conspired with the automaker to engineer diesel cars that would cheat U.S. emissions ...
Executives On The Move at CNA, Neon and Beazley
CNA named a former Chubb executive to fill a leading executive role. Neon, backed by Great American Insurance Group, made a strategic hire. Beazley has a new aviation underwriter. *** CNA named a ...
Samsung Sued by Florida Man Alleging Explosion Injury From Galaxy Note 7
Samsung Electronics Co was sued on Friday by a Florida man who said he suffered severe burns after his Galaxy Note 7 smartphone exploded in his front pants pocket. The lawsuit by Jonathan Strobel may ...