Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said, above analysts’ expectations, while it reported strong premiums written this year thanks to rising rates. The Lloyd’s of London insurer …
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …
Cyber-attacks trying to trick bank employees to click on malicious links jumped in the first quarter, with criminals attempting to take advantage of fear and confusion caused by the coronavirus pandemic. While the so-called phishing campaigns, which surged by a …
New CEO, President Take Helm at Crawford & Co. Crawford & Company has appointed Rohit Verma as chief executive officer to replace Harsha V. Agadi, who stepped down as CEO and president , but will return to the company’s board …
LAS VEGAS — The theme on the opening day of the InsureTech Connect conference was that the insurance industry is in dire need of disruption. On Wednesday, the conversation turned toward the digital transformation that has already begun. Patrick Gee, …
Companies increasingly worry about the unpredictable business environment where markets are volatile and political perils, such as protectionism or terrorism, are on the rise. Other growing concerns are digital dilemmas arising from new technologies and cyber risks, as well as …