U.S.
Lloyd’s Pledges to Pay All Valid Claims if Hard Brexit Takes Place
Lloyd's said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd's Brussels, before the end of 2020 via a Part VII transfer. Part VII transfers, in ...
Climate Change Group Lobbying for U.S. Carbon Tax Gets $1M Exxon Donation
Exxon Mobil Corp's latest shift on climate includes a $1 million donation to a political action committee's lobbying campaign to promote a U.S. tax on carbon-gas emissions, a central factor in global ...
Payment Companies Test Cyber War Games as Way to Manage Hack Attack Risks
Global payment companies held their first joint cybersecurity war games to test their systems' readiness for simultaneous attacks, uncovering differences in their defenses including even how to ...
Hurricane Michael: At Least 57,000 Coastal Florida Homes at Risk
About 57,000 Florida homes were at risk from a coastal storm surge as Hurricane Michael approached the United States on Tuesday, and a number of insurers face potential liabilities from the storm. ...
Allianz Global Corporate & Specialty Reorganizes Alternative Risk Transfer Business
Allianz Global Corporate & Specialty (AGCS) said it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams, a move responding to the growing importance of ...
North Korea Hacking Group Tried to Steal $1.1B From Global Banks Over Four Years
A North Korean hacking group has tried to steal at least $1.1 billion in a series of attacks on global banks over the past four years, according to cybersecurity firm FireEye Inc. The hackers, which ...
Britain’s Aviva Boots CEO, Plans to Appoint Successor Within Four Months
Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for. During his six years in charge, ...
Millennial Customers Open to Leaving Carriers for Upstart Insurance Rivals: Bain & Company
Traditional carriers have a big problem on their hands in terms of keeping millennial customers from switching to upstart rivals. A large majority of millennials are open to switching to upstarts ...