The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, Fitch Ratings says.
Author: Annie George
Baltimore to Pursue Legal Action Following Key Bridge Collapse
Baltimore Mayor Brandon Scott said Monday that the city had hired attorneys to pursue legal action against the operators of the cargo vessel that struck and toppled the Francis Scott Key Bridge last month, the same day the FBI confirmed it had opened a criminal probe.
Landlords Pass on Insurance Costs to Renters
The costs of rising insurance is not sparing rental properties, and landlords say they too are struggling with the hikes and demands by insurers.
IICF Midwest to Honor H.W. Kaufman Group Executive Vice President Jodie Kaufman Davis at 2024 Blazing the Trail Gala in Chicago
The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, will honor Jodie Kaufman Davis, Executive Vice President of H.W. Kaufman Group, with its prestigious Trailblazer Award for philanthropic excellence and industry leadership.
Roku Says 576,000 User Accounts Hacked after Second Security Incident
Streaming giant Roku has confirmed a second security incident in as many months, with hackers this time able to compromise more than half a million Roku user accounts.
FloodFlash Launches New Business Interruption Coverage Ahead of Hurricane Season
Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States.
Farmers CEO: Some Insurance Premiums Will Mirror the Cost of Mortgages
The owners of homes that will almost certainly suffer a total loss within the next 20 to 30 years should prepare to pay insurance premiums on par with a mortgage, according to Farmers Chief Executive Officer Raul Vargas.
Alleged Rent-Fixing of Apartments Nationwide Draws More Legal Scrutiny
Legal pressure is mounting on a property-management software company facing allegations that it illegally fixes apartment rent prices at buildings across the U.S.
PG&E Hit with $225M Lawsuit for Damage from Dixie Fire
A $225 million lawsuit has been filed against the Pacific Gas and Electric Company over damage caused during the 2021 Dixie Fire.
North Carolina Carriers Seek 82.9% Mobile Home Fire Rate Hike Over Three Years
North Carolina carriers want to hike average mobile home fire rates 82.9% and mobile home casualty rates 49.9% over three years, according to the North Carolina Department of Insurance.