News
Allianz Unveils North American Transactional Liability Unit as M&A Surges
Allianz Group is launching a new transactional liability unit designed to take advantage of greater M&A deal activity in the U.S. and, ultimately, around the world. The insurer's Allianz Global ...
Smart Car-Makers Could Outmaneuver Traditional Auto Insurers
As Internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled ...
Lawsuit Accuses VW ‘Top Brass’ of Orchestrating Emissions Cheating Years Ago
Volkswagen AG Chief Executive Officer Matthias Mueller became aware of emissions cheating a decade ago as part of a broad conspiracy orchestrated by "top brass," according to lawsuits filed by U.S. ...
Companies Worry Over Autonomous Cars’ Cyber Security Risks: Munich Re
Cyber security is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world's second-biggest reinsurer ...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures
AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary ...
Hacking/Malware Attacks Surge at Banks and Credit Unions: Beazley
Financial institutions such as small banks and credit unions faced a huge spike in the number of hacking and malware attacks during the first six months of 2016, Beazley found in a new report. ...
AmTrust Abandons Lawsuit Against Italian Ex-Broker Over Bribery Claims
Insurance firm AmTrust Financial Services Inc. has filed to voluntarily dismiss all of its claims against one of its former insurance brokers in Italy who AmTrust alleged bribed an arbitrator. The ...
Berkshire Hathaway Acquisition Could Spur More Medical Professional Liability M&A
Berkshire Hathaway's plan to purchase a medical professional liability insurer specialty writer may have greater implications for the sector at large. Fitch Ratings said the M&A agreement will ...