Workers’ compensation carriers’ ability to retain profitable accounts and maintain market share could be challenged due to declining rates and growing competition in the U.S., according to an A.M. Best report. Rate decreases across the United States have led to …
A Vietnam-based hacking group is learning from China’s playbook, using increasingly sophisticated cyber attacks to spy on competitors and help Vietnam catch up to global competitors, according to cyber-security experts. In the last two years, the group, which is believed …
While Harvey Weinstein’s insurers have reportedly agreed to pay $47 million to settle civil suits against the movie producer, most policyholders should prepare for an epic legal battle just to get their insurers to defend them against accusations of sexual …
It’s time for another edition of holiday policy language, especially for Christmas 2019. This time, I felt it necessary to address a modern affliction that many people deal with. Some people love this time of year while others simply get …
The Vatican office responsible for processing clergy sex abuse complaints saw a record 1,000 cases reported from around the world this year – and still some regions that haven’t reported any allegations at all. The Congregation for the Doctrine of …
Bermuda-based Sirius International Insurance Group Ltd. announced it is expanding its facultative product offerings in the Asian region to better service its clients, beginning in early 2020. Through its office in Singapore, Sirius Group will onboard a team of key …
Japan’s government is considering holding off on its plan to sell about $10 billion worth of shares in Japan Post Holdings Co. through this fiscal year following scandals involving its insurance unit, according to people familiar with the situation. Concern …
New York would not issue violations against certain water suppliers who notify the public that they have too-high levels of certain industrial and synthetic chemicals under the latest plan to be proposed by state regulators. Brad Hutton, deputy commissioner of …
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised $1.14 million at its 13th Annual Northeast Benefit Dinner held December 11 at Cipriani in New York City. The event gathered more than …
The Massachusetts Department of Revenue needs to do more to protect the security of taxpayer and business data, the state auditor said Monday. Auditor Suzanne Bump said an audit found the department was not prepared to respond to or mitigate …
