Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
Vulnerable to Climate Change, England Must ‘Adapt or Die’, Agency Warns October 14, 2021 England will be hit hard by floods like those that devastated Germany this summer if the country does not improve...
Top 10 P/C Insurance Market Conduct Issues October 13, 2021 The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
U.S. Has Had 18 Weather Events Each With $1 Billion Losses Thus Far in 2021 October 12, 2021 Through the end of September, there have been 18 weather and climate disaster events with losses exceeding $1 billion each...
Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued October 7, 2021 By Susanne Sclafane Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify...
July’s European Floods Generated Largest Non-U.S. Insurance Industry Loss in 2021 October 7, 2021 The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year...
Climate Change Impact: 40% Chance of ‘100-Year Storms’ Over 20-Year Span October 6, 2021 By Susanne Sclafane While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but ardent...
Climate Reckoning Is Coming for the World’s Government Debt October 5, 2021 By Jill Ward For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms...