Cyber Insurance Power Panel: Insights into the Q3 Market

A recent panel of experts from Tokio Marine HCC, USI Insurance Services, Gallagher, and Aon gathered to share their thoughts on the current state of the cyber insurance market. This discussion, focused on the third quarter, highlights the challenges the industry is facing and the factors behind recent market disruptions. One key issue they pointed … Read more

Insuring Green Energy: Data Centers, Strained Power Grids, and the Worldwide Drive for Transformation Highlight Sustainable Energy Efforts

In 2024, wind and solar energy in the United States generated more electricity than coal for the first time. This milestone highlights a shift in the country’s energy landscape, with renewable sources gaining a stronger foothold in power generation. Experts say the renewable energy sector is growing fast, not just in wind and solar, but … Read more

Insurance Sector Must Stay Vigilant Against ‘Scattered Spider’ Hackers

A cybercrime group known as Scattered Spider has shifted its focus from retailers to insurance companies, raising new concerns in the cybersecurity world. Recent attacks on Erie Insurance, Philadelphia Insurance Companies, and Aflac highlight this worrying trend, according to experts from Google’s Threat Intelligence Group. Scattered Spider is a loosely connected group of hackers that … Read more

Is home insurance turning into a luxury for affluent homeowners?

Home insurance, once a reliable shield for homeowners, is becoming harder to get and more expensive, especially for wealthy families in disaster-prone areas like California and Florida. Rising costs, reduced coverage, and fewer companies willing to insure high-value properties are pushing some homeowners to consider skipping insurance altogether. Charley Todd, who runs Charley Insurance, focuses … Read more

Zurich Insurance Acquires Canadian Insurtech Company BOXX

Zurich Insurance Group AG is expanding its reach in the insurance technology world with its latest move to acquire BOXX Insurance Inc, a Canadian company that focuses on managing cyber risks. This deal will bring BOXX into Zurich’s platforms business, known as Zurich Global Ventures. The financial details of the deal have not been made … Read more