Business Insurance
A report by the European Union Agency for Cybersecurity predicts software supply chain attacks to quadruple in 2021 from 2020.
Posted: Aug 04, 2021
Data from the Insurance Association of Turkey showed that local insurers’ combined premium income rose almost 17% year-on-year to around 47 billion Turkish lira ($5.6 billion) in the first half of the year.
Posted: Aug 04, 2021
Lloyd’s of London, Chubb Ltd. and VLC & Partners BV have rejected insurance claims worth millions of euros submitted by businesses affected by the recent flooding in the Dutch province of Limburg.
Posted: Aug 04, 2021
According to Marsh LLC’s Global Insurance Market Index, insurance pricing in Asia increased 6% year-over-year in the second quarter, reflecting continued rate moderation.
Posted: Aug 04, 2021
Italian insurer Assicurazioni Generali SpA said that it has tapped into its reinsurance arrangements to pay natural catastrophe claims it received in the first half of the year.
Posted: Aug 04, 2021
A survey of 5,000 flight attendants released last week confirmed what recent Federal Aviation Administration data and numerous media reports show: Violence in the sky is a reality for those whose job is tending to airline passengers.
Posted: Aug 04, 2021
Kevin Thomas, principal risk manager at Oracle and chair of RIMS' diversity, equity and inclusion advisory council, discusses DE&I efforts and why risk managers should get involved.
Posted: Aug 04, 2021
A huge increase in the number of mergers coming before the Federal Trade Commission for antitrust reviews is limiting its ability to investigate deals in a timely fashion, the FTC said Tuesday.
Posted: Aug 03, 2021
The chair of the U.S. Securities and Exchange Commission on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a "Wild West" he said is riddled with fraud and investor risk.
Posted: Aug 03, 2021
An Idaho counties risk pool must defend the city of Idaho Falls and its police officers in litigation filed in connection with an innocent man’s imprisonment for rape and murder, a state court ruled.
Posted: Aug 03, 2021
Willis Towers Watson PLC will conduct a strategic review of its reinsurance brokerage business and its CEO still expects to retire by year-end, the executive said in its second-quarter earnings call with analysts Tuesday.
Posted: Aug 03, 2021
Only 16% of employers are making COVID-19 vaccinations mandatory for current employees, while 14% are requiring vaccinations for new hires only, according to a survey of 150 employers released Monday by law firm Blank Rome LLP.
Posted: Aug 03, 2021
Generali on Tuesday said it was on track to meet full-year targets after Italy's top insurer reported a good performance across all business sectors to slightly beat first-half expectations.
Posted: Aug 03, 2021
The U.S. Securities and Exchange Commission will consider revising recent changes to its whistleblower program made under former President Donald Trump, the markets regulator's chair said Monday.
Posted: Aug 03, 2021
U.S.-based insurance broker NFP Corp. has acquired Irish retail and commercial property and casualty insurance broker Aiken Insurances Ltd. to strengthen its presence in Europe.
Posted: Aug 03, 2021
A report by management consultancy Redflank said that 89% of all the business entities affected by the recent riots in South Africa’s Gauteng and KwaZulu-Natal provinces were small, medium-sized and microenterprises.
Posted: Aug 03, 2021
French parametric insurance specialist Descartes Underwriting SAS plans to open two new offices in Asia Pacific in August in order to expand its footprint in the region.
Posted: Aug 03, 2021
France-based pan-African insurance broker Olea Insurance Solutions has acquired a majority stake in Angola’s leading property, casualty, and life insurance and reinsurance broker AIB Angola.
Posted: Aug 03, 2021
According to Marsh LLC’s Global Insurance Market Index, overall insurance pricing in the Australia-led Pacific region increased by approximately 23% in the second quarter, which is a slowdown from previous quarters.
Posted: Aug 03, 2021
In the wake of Aon PLC’s scuttled $30 billion attempted acquisition of Willis Towers Watson PLC and the associated deal to sell Willis Re to Arthur J. Gallagher & Co., it still would be a “long-term positive” for Gallagher to buy the reinsurance brok...
Posted: Aug 03, 2021
Insurer Hiscox swung to a first-half profit and resumed its interim dividend on Tuesday, boosted by an improvement in rates across its businesses after pandemic-linked claims pushed it into the red last year.
Posted: Aug 03, 2021
The crippling ransomware attack against the Colonial Pipeline in the U.S. in May should be a wake-up call for the shipping industry, according to a report published Tuesday by Allianz Global Corporate & Specialty SE.
Posted: Aug 03, 2021
An insurer would normally have been obligated to defend a company that was an additional insured under its coverage, but is off the hook in a case involving a worker who fell to his death from a roof because of the settlement in the underlying litiga...
Posted: Aug 02, 2021
BMS Group Ltd. said Monday its BMS Re reinsurance unit has launched BMS Re in Bermuda and named Adam Mullan executive director.
Posted: Aug 02, 2021
CNA Financial Corp. Monday reported second-quarter net income of $368.0 million, more than double the $151 million in the prior-year quarter, as catastrophe losses plummeted.
Posted: Aug 02, 2021