76% of companies enhance cyber defences to secure insurance: Sophos
Sophos, a provider of cybersecurity solutions, released findings from its recent survey, showing that 76% of companies enhanced their cyber defences to qualify for cyber insurance.
SALT, tips and auto loans: A guide to the House GOP tax bill
House Republicans’ release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party…
Morgan Stanley warns of lingering social inflation threats in insurance industry for 2024
In a recent report, Morgan Stanley has shed light on the growing concerns surrounding social inflation, predicting it to be a significant headwind for the insurance industry throughout 2024.
Deutsche Bank spinoff IMP+ACT Alliance partners with UNDP
IMP+ACT Alliance has announced its partnership with the United Development Programme (UNDP) to provide investors with digital guidance on engaging with the Sustainable Development Goals (SDGs).
Everest makes Williamson’s elevation to CEO permanent
P/C Insurers, Reinsurance Bermuda Chubb Ltd., Everest Re, The Hartford Insurance Group Inc.
An AI proposition is now ‘table stakes’ for fintech startups
An offering that harnesses AI is now the minimum expectation of a fintech startup, according to Ben Davey, chief executive officer of Barclays Ventures.
Big Wheels: Strong ABS issuance contributes to stable industry
The auto finance industry was stable in July, driven by improved demand and strong auto asset-backed securitization volume but offset…
Appeals court upholds ruling for insurers in bad faith litigation
Claims Disputes, Coverage Disputes, P/C Insurers AIG, Hannover Re
Prolonged high interest rates will affect auto finance risk appetite
LAS VEGAS — Prolonged high interest rates will affect lender appetite in the near term, even with falling vehicle prices…
Policyholders left exposed to rising phishing losses
Cyber Risks, Emerging Risks, P/C Insurers, Risk Management Munich Re, The Hartford Insurance Group Inc., Willis Towers Watson
Japan’s banks plan 33,000 job cuts in digital downsizing
Japan’s megabanks are planning to make huge, long-term cuts to their workforces as they increasingly turn to artificial intelligence (AI) and automation in a bid to streamline operations and cut costs.
Falcon adds policy combining cyber, tech E&O and professional liability
Cyber Risks, E&O, General liability, P/C Insurers, Technology
Fronting insurer severs further ties with insurtech Vesttoo
Insurance-linked Securities, Reinsurance Middle East/Africa