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Total aggregated economic losses in the U.S. from severe weather in May exceed $4 billion, while public and private insurers faced a combined payout approaching $3 billion.
Mid-size insurance and finance companies face the same cybersecurity threats as industry incumbents. But most of them have failed to sufficiently prepare for those threats. (Includes infographic)
A court has ruled that a CGL policy didn't cover lawsuits against Yahoo alleging it invaded plaintiffs privacy when it sent them unsolicited text messages.
Applied Underwriters, a workers compensation insurer subsidiary of Berkshire Hathaway Inc., agreed to provide additional disclosure to customers about a product in California after a state review of potential abuses.
South Africas property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires have engulfed the region.
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