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Cyber insurance becoming a key safeguard for SMEs: Report
As cyber threats escalate, cyber insurance is emerging as a critical safeguard for businesses, particularly small and midsize enterprises (SMBs) with limited cybersecurity resources. Coalition’s Cyber Threat Index 2025 underscored the growing role of insurance in mitigating financial and operational fallout from cyberattacks, highlighting ransomware as a leading driver of claims. Source link
Ardonagh Group discloses full-year results
Meanwhile, Ardonagh’s 2024 Sustainability Report outlined progress on environmental, social and governance (ESG) initiatives, including over $7 million raised by its registered charity, ACT, and key milestones in its community grant and colleague match-funding programmes. Source link
Asia-Pacific insurers rethink risk amid regulatory and cyber pressures
“The risk landscape for Australian insurers has never been more complex, with heightened cybersecurity threats, macroeconomic and geopolitical uncertainty, continued regulatory scrutiny from [the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA)], and the need for greater operational resilience all adding to the challenges faced by insurance CROs and boards,”…
Marsh McLennan adds new feature to AI-powered supply chain platform
“Organizations need a comprehensive understanding of their supply chains—beyond just their direct suppliers—especially with the changes to global trade policies,” explained Martin South, president and CEO of Marsh McLennan. “With Sentrisk and the Tariff Simulator, clients can assess their exposure to tariffs, anticipate cost increases from suppliers, and develop strategies to manage their supply chain…
State Farm must cover scooter crash under uninsured motorist policy
The ruling, issued on April 23, 2025, stems from an incident in November 2022, when Michelle DiPego of Muncie, Indiana, was walking along a Baltimore city path and was struck from behind by a woman riding an electric scooter. Although the rider and a companion briefly stopped, they refused to identify themselves and left the…
Minnesota LTC reform to include pre-2015 policies under partnership eligibility
Under the proposed amendment to Minnesota Statutes 2024, section 256B.0571, subdivision 6, partnership status would be extended to eligible policies that meet criteria in sections 62S.23, subdivision 1, paragraph (b), and 62S.312, even if issued before July 2015. It would also apply to policies exchanged after July 1, 2006, under section 62S.24, subdivision 8. Source…