Ransomware still costly, but cyber claims down – Coalition
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Akira and Black Basta dominate variants as early reporting proves critical
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Hub International acquires assets of two firms
[ad_1] Guru of Insurance, based in King George, Virginia, provides employee benefits planning and group benefits services to clients in the region. David Rao, president of Guru of Insurance, and his team will join Hub Mid-Atlantic. The firm will operate under the name of Guru of Insurance, a Hub International company. [ad_2] Source link
Why are some policyholders opting not to file claims?
[ad_1] “As carriers evaluate their core systems and digital infrastructure this year, the priority must be reducing friction where it matters most,” said Sylvester Mathis, chief insurance and chief revenue officer at Insurity. “A clunky or disconnected claims process frustrates customers and risks sending them elsewhere. When someone avoids filing a claim, despite having coverage,…
Insurance hires: BHSI, Farmers Insurance and EPIC Insurance
[ad_1] EPIC launches construction and infrastructure group EPIC Insurance Brokers & Consultants introduced its Construction & Infrastructure Group (C&I Group) to serve general contractors, specialty contractors, architects, engineers, developers and other industry stakeholders. [ad_2] Source link
Litigation, cyber risks dominate D&O insurance decisions: Willis report
[ad_1] For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue. …
Lloyd’s sees profits dip as major claims affect 2024 results
[ad_1] Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. [ad_2] Source link
HDI Global appoints Nikita Tikhonov as head of marine global risk
[ad_1] The leadership changes also include Alexander Schlei, who has moved to the role of head of technical and strategic services. Both Schulte and Schlei report directly to Dirk Höring, a member of HDI Global’s executive board responsible for property, energy, engineering, marine, and HDI Risk Consulting. [ad_2] Source link