Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more sophisticated ransomware, the market is slowly …
Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. “There’s no doubt that attacks …
Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages, producers marketing themselves as experts could face scrutiny, lawsuits …
Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down …
Robbie Thompson has been hired as the new executive director for Professional Liability Underwriting Society (PLUS). Thompson brings 18 years of management experience to PLUS, most recently as president and CEO of the Credit Union Association of the Dakotas in …
America’s European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the Clinton Administration. Former Secretary of State Madeleine Albright said …
It’s time for the insurance industry to be “bold” and “sexy” in creating new insurance products and services to help the world deal with extreme risks that are becoming more common, according to a global authority on managing catastrophes and …
With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers expecting to achieve better …
The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs’ bar is their ally, deleveraging of financial institutions is a good thing, financial firms have not learned the lessons of …
The climate of government cutbacks is forcing public entities to reduce expenditures while trying not to greatly increase their risk or jeopardize their immunity from lawsuits. Prison overcrowding is one particularly worrisome area. The situation is causing insurers to express …
