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Category: Show on Homepage

CyberCube Highlights Areas of Focus for the Cyber Insurance and Broking Community

Hackers plan to attack banks, insurance companies

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarized world, warns leading cyber risk analytics specialist CyberCube.

Published March 7, 2023
Categorized as Show on Homepage Tagged cyber risks, cyber threat actors, CyberCube

Yellen Warns Climate Change Could Trigger Asset Value Losses, Harming U.S. Economy

Aon Launches Climate Risk Monitor

Climate change is already having a significant economic and financial impact on the United States, and it may cause asset value losses in the coming years that could spread throughout the U.S. financial system.

Published March 7, 2023
Categorized as Show on Homepage Tagged asset value and climate change, climatechange, Yellen

Vortex Insurance Set to Launch Supplemental Hurricane Insurance

natural disasters and insurance

Vortex Insurance, an insurtech leader in parametric weather insurance, announced the launch of an innovative insurance program allowing the purchase of supplemental hurricane insurance for portions of the United States.

Published March 7, 2023
Categorized as Show on Homepage Tagged hurricane insurance, parametric coverage, Vortex Insurance

Insurify to Acquire Compare.com

Insurify and compare.com

Insurify, Inc., a virtual insurance agent to compare, buy and manage insurance has entered into an agreement to acquire Inspop USA, LLC and its subsidiary, Compare.com.

Published March 7, 2023
Categorized as Show on Homepage Tagged Compare.com, Insurify, virtual insurance agency

P&C Insurers Encounter Digital Growing Pains Amid Large Scale Disruption: J.D. Power

P&C insurer satisfaction

According to the J.D. Power 2022 U.S. Property Claims Satisfaction StudySM, slower cycle times and growing pains associated with transitioning to digital servicing channels caused overall satisfaction scores to decline to a five-year low.

Published March 6, 2023
Categorized as Show on Homepage Tagged digital servicing channels, J.D. Power, property claims satisfaction

“Worsening Winds” Report Finds 13.4 Million Properties to Be Newly Exposed to Hurricane Winds

Active Hurricane season predicted

First Street Foundation’s model finds that over 13.4 million properties will be exposed to tropical cyclones in 30 years that are not currently.

Published March 6, 2023
Categorized as Show on Homepage Tagged First Street Foundation, hurricane insurance, hurricane winds, property insurance

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

Congressional Committee findings

A Texas lawmaker is seeking to broaden the fight against ESG policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with oil and gas firms.

Published March 6, 2023
Categorized as Show on Homepage Tagged ESG policies, oil and gas insurance, Texas anti-ESG fight

Arthur J. Gallagher & Co. Acquires Bay Risk Services Limited

Aon-NFP acquisition

Arthur J. Gallagher & Co. today announced that its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Limited.

Published March 6, 2023
Categorized as Show on Homepage Tagged AJG, Arthur J. Gallagher, Bay Risk Services, insurance acquistion, insurance M&A

States Must Include Cybersecurity in Water System Audits, EPA Says

EPA proposes banning TCE

The Environmental Protection Agency issued a memorandum requiring states to examine cyber defenses at public water systems during routine audits.

Published March 6, 2023
Categorized as Show on Homepage Tagged cyber audits water systems, EPA, watery systems cybersecurity

IICF Southeast Division Raises Over $1 Million for Charity at Annual Southeast Gala

IICF holds future of work reform

The Insurance Industry Charitable Foundation (IICF) raised over $1 million at its 11th annual Southeast Gala on Feb. 23 at The Thompson Hotel in Dallas, Texas.

Published March 6, 2023
Categorized as Show on Homepage Tagged Dallas, IICF, insurance charity gala, TX

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