Risk
Cyber Insurers, Reinsurers on Alert After Healthcare Ransomware Attack
A substantial disruption in the U.S healthcare system occurred as a result of a February cyber attack on Change Healthcare (CHC), a subsidiary of UnitedHealth Group. Change Healthcare, a medical data ...
CSU: More Activity, More Landfalls Expected This Hurricane Season
An active hurricane season is expected in the Atlantic, with 11 hurricanes and 23 named storms forecast this year, according to Colorado State University hurricane researchers. While eleven are ...
HSB, Coalition Unveil Cyber Insurance Innovations: Cyber Auto; Affirmative AI
In separate announcements late last month, Munich Re's HSB and Coalition unveiled two novel cyber insurance offerings. HSB aims to cover cyber insurance for autos, while Coalition announced an ...
Nationwide Survey Finds Distracted Driving Still an Issue
A recent survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a report from Nationwide. The latest driving behaviors survey ...
Car Shipper Estimates $10M Loss From Baltimore Bridge Collapse
Norwegian car shipping firm Wallenius Wilhelmsen estimates a $5 million to $10 million hit to core earnings from last week's U.S. Baltimore bridge collapse and expects the key ship channel to be ...
How Do Insurers Define Systemic Cyber Risk?
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be ...
Risks to Watch: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy and the ...
CEO Viewpoint: Predict and Prevent Just Makes Economic Sense
Last year, U.S. P/C insurers incurred a $21.2 billion net underwriting loss, only slightly improved from a $24.9 billion underwriting loss recorded in 2022. Roughly $65 ...
The Golden Triangle of Technology
Three technologies are having a profound impact on how insurance can help manage and mitigate risk:
Internet of Things (IoT) technology is supplying large amounts of ...