AI phishing kits are making micro businesses worth attacking, Coalition warns
BEC claims up 30% as US$500-a-month kits bypass MFA
Insurance News
Liberty Mutual buys Brazilian surety provider
Liberty Mutual Insurance is to acquire a Brazilian surety provider, Austral Seguradora, headquartered in Rio de Janeiro, making Liberty Mutual one of the largest surety providers in the country. The a
Subscribe MGA secures £5 million Fortegra binder for PI growth
The Acies MGU financial lines MGA adds company market capacity as it plans medical malpractice products
CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private d
Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl
Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian fina
Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
A former claims adjuster has been charged with defrauding the Pennsylvania insurer he worked for by taking payment of nearly $1 million for an accident claim under the guise that he was with a law fir
Higginbotham’s Houston Dynamo deal: smart business play or pricey pitchside perk?
The Fort Worth broker is putting its name on a premium club at an MLS stadium. Industry research shows how hard it will be to prove the deal paid off
Severe drought puts uninsured crop losses and subsidence in focus
Parts of six counties enter severe drought after the driest April to September in over a century
Hormuz attacks hit two container vessels, one sinks
A Singapore-flagged container ship sank in the Strait of Hormuz after an unidentified projectile struck it on Tuesday, while a separate attack damaged a second Singapore-registered vessel on Wednesday
KCC puts Hurricane Isaias insured losses at $3 billion
KCC's estimate is the highest from the main modelers so far
French fridges hacked, food destroyed - and the cyber policies almost certainly won't pay
The incident impacting 350 supermarkets reveals a coverage gap that applies to any UK retailer using connected operational technology
Insurance brands are worth $607 billion. Should brokers care?
A new league table says Progressive’s brand value nearly doubled in a year. It is worth reading, with a skeptical eye
European insurers face mounting extreme weather costs
Extreme weather is driving up European insurance costs, with wildfire losses rising up to 11% annually over recent decades, according to Swiss Re AG, Finews reports, citing AWP. The August hailstorm i
Men take more caregiving leave than women. HR thinks the opposite
New Standard research finds HR’s assumptions about who takes leave are inverted across most categories
Flood Re taps Simon Green for top board role
U.K.-based Flood Re Ltd. has appointed Simon Green as its new chair, succeeding Bridget Rosewell, Insurance Times reported. Green takes on the role with more than 25 years of experience and currently
Delaware Jury Awards Qualcomm Just $2 in Damages for Arm Breach of License Deal
Chip technology supplier Arm Holdings breached a licensing agreement with Qualcomm and intentionally interfered with the chipmaker’s business relationship with Meta Platforms, a Delaware jury fo
Employers are building leave programs they can’t administer
NFP research finds only 26% of employers are very confident in their leave administration as programs expand
Liberty Mutual bets on Brazil surety with Austral acquisition
The deal extends a Latin American surety strategy Liberty Mutual built around infrastructure growth
AM Best Revises Outlooks to Positive for AmTrust Group Insurers
AM Best has revised the outlooks to positive from stable for the members of the New York-based AmTrust Group. The ratings firm also affirmed the Financial Strength Rating (FSR) of A- (Excellent) and t
People Moves: Marsh Hires Meta’s Risk Manager for New Role
Marsh said Michael Crowley has joined the firm as senior enterprise risk advisor for digital infrastructure. In this newly created role, Crowley will help digital infrastructure clients manage risk an
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