GDPW for cyber insurance can be estimated globally at close to $13.5 billion in 2022 rising towards $14 billion if captive insurers are also included, and with the US alone likely to make up over a half of the total.
Author: Annie George
June Insured Losses from Severe Convective Storms Estimated at $5.5B
KCC estimates that the insured loss from this Severe Convective Storm (SCS) outbreak will be close to $5.5 billion.
Credit Suisse Investors Sue Over Bank’s Demise
A group of Credit Suisse creditors who took some of the $17 billion hit that fueled the bank’s demise are suing its former executives — and are blaming a “toxic culture” at its New York offices.
NHTSA Estimates Traffic Fatalities Dropped in the First Three Months of 2023
The National Highway Traffic Safety Administration (NHTSA) has released its first projections for traffic fatalities in 2023, estimating that 9,330 people died in traffic crashes in the first three months of the year.
Arc Automotive Can’t Say for Sure If More Air Inflators Won’t Explode
A company that makes air-bag inflators that have exploded in eight incidents involving two deaths and seven injuries argued Tuesday that it can’t say for sure whether its inflators might cause further such incidents.
Examining the Mergers and Acquisitions Landscape in 2023
As we cross the midpoint of 2023, the property and casualty (P&C) insurance sector continues to experience a complex mergers and acquisitions (M&A) landscape.
Hard Market Cycle in U.S. Cyber Insurance Segment Brings Return to Profitability
The U.S. cyber insurance market continued strong growth in 2022, with direct premium increasing by 50% to $7.2 billion and improving loss ratios given greater attention to underwriting discipline, according to a new AM Best report.
Twitter Employees Sue Over Promised Bonus Pay
Twitter Inc. employees sued the social media company claiming it refuses to pay 2022 bonuses, despite promises that they would be paid out at 50% of their target amounts.
SageSure Surpasses $1 Billion of In-force Premium
SageSure, one of the largest independent managing general underwriters focused on providing catastrophe-exposed property insurance, today announced that it recently surpassed $1 billion of in-force premium and has launched a new corporate brand to signal its ambitions for the future.
IICF Looks to the Future of Talent and Leadership at Biennial Inclusion in Insurance Global Conference
The IICF convened nearly 350 insurance industry professionals, C-suite executives and leading experts in New York City for the in-person return of its biennial IICF Inclusion in Insurance Global Conference last week.