U.S.
PartnerRe Loses $66M in Q1, Due in Part to Winter Storm Uri
PartnerRe lost $66 million in the 2021 first quarter, due in part to market volatility and $104 million of net losses from Winter Storm Uri. At the same time, the company has enjoyed momentum from ...
Short Seller Muddy Waters Accuses Lemonade of Neglecting Website Security Vulnerability
Lemonade co-founder Shai Wininger is denying accusations from an activist short seller that the insurer's website has a serious security vulnerability. Muddy Waters Capital claims in a May 13 open ...
Zywave Buys Up Modgic, Strengthening Its Workers Comp Software Offerings
Insurance technology provider Zywave has acquired Modgic, an Oregon-based provider of workers compensation and modification analysis software for the commercial insurance industry. Neither side ...
Federal Ransomware Advisories Create Cyber Insurer Exposure Risks
As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the ...
April Hailstorms Jolted U.S. Insurers With Multibillion-Dollar Losses: Aon
Insurers face multibillion-dollar losses from U.S. hailstorms during April, according to Aon's Global Catastrophe Recap report, which each month analyzes the impact of natural disaster events ...
Colonial Pipeline Rebounds From Massive Cyber Attack, Reportedly Has Ransomware Coverage
After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states. ...
Workers Comp Performed Strongly During Pandemic Even With Premium Plunge
Because of job losses and shrinking payrolls during the pandemic recession, the workers compensation industry's net written premium dropped 10 percent to $42 billion in 2020. However, private ...
Zurich Reports Solid Q1 Earnings, Limited Greensill Exposure
Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer's chief financial officer said on Wednesday after it reported ...