U.S.
2020 Cyber Insurance Claims Spike Counteracted Premium Jump, Hurting Underwriting Results
Cyber insurance premiums are soaring, but a spike in claims led to a decline in 2020 underwriting performance, according to a new Fitch Ratings update. Standalone cyber insurance generated an ...
Congress Is Exploring the Idea of Federal Reinsurance for Cyber-Terrorist Attacks
A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for ...
U.S. Pledges to Boost Pipeline Cyber Protections After Colonial Hack Attack
The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements of actions planned in coming days, ...
Partnerships Can Help InsurTechs Raise Money and Build Prestige
With all the options that InsurTechs have these days to raise money and build prestige, partnerships can offer an efficient way to do both. But they're not without their own risks. "Partnerships are ...
Digital Payment Platform Verituity Raises $10M; Has Insurance Claims Potential
Digital payments platform startup Verituity raised $10 million in new investment to help fuel a customer expansion in multiple sectors including banking and insurance. Plans will also focus on ...
Conti Ransomware Gang Has Struck 16 U.S. Health and Emergency Networks: FBI
The Federal Bureau of Investigation said that the same group of online extortionists blamed for striking the Irish health system last week have also hit at least 16 U.S. medical and first response ...
The Latest Launches From Chubb and Utica National
Chubb introduced a new insurance product for the lower middle market segment. Utica National Insurance Group is partnering with two companies to provide crisis public relations services to its school ...
Broker Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs
Broker Truist Insurance Holdings will acquire Constellation Affiliated Partners from RedBird Capital Partners. The transaction will add approximately $160 million of annual revenue to Truist ...