Federal and state efforts to deter cyber threats are being discouraged by large companies because in most cases they will raise compliance costs, according to a top insurance industry official.
Federal and state efforts to deter cyber threats are being discouraged by large companies because in most cases they will raise compliance costs, according to a top insurance industry official.
First-half 2014 losses from natural catastrophes were well below the 10-year average for this time period, as were fatalities from such events, research from Munich Re shows.
First-half 2014 losses from natural catastrophes were well below the 10-year average for this time period, as were fatalities from such events, research from Munich Re shows.
ISO, PCI report finds that net income for P&C insurers slipped slightly in the first quarter of 2014, dipping to $13.8 billion from $14.3 billion in Q1 2013.
From movement on the TRIA front, to a battle between Endurance Specialty Holdings and Aspen Insurance Holdings over the formers hostile bid for the latter, to a warning from Warren Buffett on the volatility of insuring against hurricanes, the month of June offered up some interesting quotes on key issues.
An insurance broker recently wrote to PC360 with questions about the Terrorism Risk Insurance Act, concerned that the program essentially benefits a few at the expense of the many. We turn to two industry experts for responses, and add some basic information about the program's structure.