News
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court
The Boy Scouts of America's sexual abuse compensation fund may force insurers to make payments they can't negotiate over, even if the claims are fraudulent, a group of the companies argued in court. ...
Beazley Restructuring Its Underwriting Team to Support Growth Ambitions
Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia
AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based re/insurance companies, subject to sanctions imposed by the ...
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War
Zurich Insurance said it has removed the letter "Z" from its social media branding as a result of Russia's use of the letter during its war in Ukraine. "The Zurich brand has been around for 150 ...
Executives on the Move at Cowbell Cyber, Concert Group, the Big ‘I’
Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced that Joshua Chan has joined as chief technology officer. Cowbell said Chan's leadership will be ...
Hannover Re Opens Access to InsurTech Innovation Platform, ‘hr | equarium’
Hannover Re has opened access to its innovation platform for all interested parties. Launched in 2019, hr | equarium connects insurance clients with InsurTech partners. The platform has been used on ...
Bayer Reaches $80M PCB Contamination Settlement With Ohio
Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company's Monsanto business, the state ...
Auditors Urge EU Agencies to Ramp Up Cybersecurity Measures
EU institutions must do more to protect themselves from cyber attacks as their interconnected networks put them at greater risk, the European Court of Auditors (ECA) said on Tuesday, the latest ...