News
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance
The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in what the IRS calls "abusive micro-captive insurance" ...
U.S. Private Flood Insurance: The Journey to Build a New Market
Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for ...
The Hanover’s ‘Digital Assist’ Digital Strategy Explained
As insurers embrace InsurTech in multiple ways, The Hanover Insurance Group's Richard Lavey offers some advice: Not everything works as initially envisioned, and that's OK. "'If you build it, they ...
Arch, Marsh Debut Protection for Digital Asset Private Keys
Arch Insurance (UK) Ltd. and the broker Marsh have launched new insurance protection designed to address the secure storage of digital asset private keys held in traditional vault facilities. The ...
The Need for Both Innovation and Cybersecurity Forces Businesses to Strike a Balance
Companies are working to balance their desire for new innovations with their need for strong cyber defenses, a new report from CompTIA, a technology industry trade association, finds. CompTIA's ...
Vaping Targeted by a Number of U.S. Lawsuits
Several deaths and potentially hundreds of illnesses have been tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking. Lawsuits have been filed against ...
JPMorgan Hacker Expected to Plead Guilty Over Role in Widespread Cyber Attack
A Russian hacker at the center of an alleged scheme to steal financial data on more than 80 million JP Morgan Chase & Co. clients will plead guilty later this month, according to a U.S. court ...
The Latest Launches From Travelers and QBE North America
Travelers has started using 3-D technology designed to help speed up damage inspections for the claims process. QBE North America launched a revamped cyber product designed to better help protect ...