U.S.
Cyber Attack Leads to Big Business Interruption, Earnings Issues for FedEx’s TNT Unit
FedEx Corp.'s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings. The ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
Executives On The Move at Chubb, Tokio Millennium Re and PartnerRe
Chubb made a number of new executive appointments within its Global Casualty and Excess Casualty lines of business for its North America Major Accounts division. A Lloyd's veteran will become Tokio ...
The Fall of Anbang Insurance Caps Short, Wild Period for P/C Industry in China
The revolution in China's insurance industry that helped unleash about $80 billion of acquisitions started with a whimper and ended with a bang. With little fanfare, China's top insurance official, ...
5.4M U.S. Homes at Risk From Sea-Level Rise: Report
Nearly 10 million people living in 5.4 million homes have a high risk from rising sea levels and will be adversely impacted by climate change, according to a new report that takes data from U.S. ...
New U.S. Ban on Forced Arbitration May Die in Republican Congress
Republicans lawmakers on Tuesday started trying to kill a brand-new U.S. rule prohibiting banks and credit card companies from requiring customers who open new accounts to sign an agreement that they ...
Powered by Homegrown InsurTech, HCI to Expand Flood Insurance Sales to 9 States
As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn't waiting to wade deeper into the private flood ...
Executives On The Move at Chubb, CNA and Hiscox USA
Chubb Group promoted from within for its new vice president of Global Underwriting. CNA appointed a veteran executive to a newly-created position focused on claim analytics, finance and operations ...