The next three years will be critical to the long-term growth prospects of the cyber insurance market, according to a scenario-led analysis of the market’s dynamics released today by Conning entitled “Cyber Risk: On the Edge of Insurability.”
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State Farm to Remain in Florida as Farmers Insurance Pulls Out
Gov. Ron DeSantis’ office confirmed that State Farm Insurance plans to continue its presence in the Florida insurance marketplace after Farmers Insurance declared plans to leave the state.
Tesla Directors Will Return $735 Million to Company to Settle Shareholder Suit
Tesla directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court.
Liberty Mutual Global Reorganization Eliminates Hundreds of U.S. Jobs
Liberty Mutual Insurance Co. will cut about 370 U.S. positions in a reorganization of its personal lines and small commercial insurance business that follows the recent sale of units in Europe and Latin America.
Empathetic Approach, Reduced Costs Result from American Claims Management’s Workers’ Comp Claims Advocacy Program
American Claims Management, a national third-party claims administrator, has created the Claims Advocacy Program that delivers empathetic claims service while reducing workers’ compensation costs for employers and insurance companies.
AAA Pulls Back from Offering Insurance in Florida
AAA will not renew the auto and home insurance policies for some customers in Florida, joining a growing list of insurers dialing back their presence in the Sunshine State amid a growing risk of natural disasters.
Deadly Storms Across Northeast Bring Floods, Tornado Alerts
A cluster of severe thunderstorms pounded the U.S. Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania, halting operations at several airports, and prompting tornado watches across New England.
Environmental Groups Ask EPA to Shield Public from Abandoned Lead Cables
Agency is urged to take action following the WSJ investigation into toxic lead cables left behind by telecom companies.
Liberty Mutual Insurance Announces Key Organizational Changes and Executive Leadership Appointments
Liberty Mutual Insurance President and Chief Executive Officer Tim Sweeney announced key organizational changes and executive leadership appointments aimed at enhancing focus on long-term strategic markets, while better leveraging scale advantages to drive improved profitability and faster innovation.
Aon and Mergermarket Uncover Increase in Alternative Financing and ESG Scrutiny in Uncertain M&A Market
96 percent of respondents expect Environmental, Social and Governance (ESG) scrutiny in deals to increase over the next three years, including 48 percent who expect it to increase significantly.