News
Coronavirus Spread Raises Govt. and Bank Demand for Debt Insurance
The cost of insuring exposure to sovereign as well as corporate debt rose almost across the board on Friday as the spread of coronavirus raised the prospect of debt distress and government bailouts. ...
Baby Monitors, Wireless Cameras Vulnerable to Cyber Hacking
Baby monitors and wireless cameras risk being hacked by cyber criminals unless people take security measures to protect themselves, British security experts warned on Tuesday. Internet-connected ...
AmTrust Transferring Republic Personal Lines Business to Liberty Mutual
AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic Personal Lines business. The deal involves Liberty's Safeco Insurance unit, and it ...
Businesses at Major Risk for Mobile Device Cyber Attacks; Few Take Precautions
Although businesses are increasingly at risk for cyber attacks on their mobile devices, many aren't taking steps to protect smartphones and tablets. That's one of the conclusions of a report on ...
Coronavirus Business Lawsuits Are Coming
The coronavirus has upended markets, disrupted supply chains and forced quarantines. It's all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face ...
Aviva Posts Record Profit, Though CEO Tulloch Warns of Coronavirus Uncertainty
Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the ...
USAA Vet Joins InsurTech Tractable in Leadership Role
A veteran USAA executive is taking on a leadership role at Tractable, an InsurTech developing artificial intelligence for accident and disaster recovery. James Spears joined the New York-based ...
Tokio Marine HCC to Acquire MGA GCube, Eyeing More Renewable Energy Risks
Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory ...