Travelers Companies Inc has set aside a "modest" amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer's finance chief, Daniel Frey, told analysts during an earnings call on Thursday.
U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.
The 2019 mining disaster in Brazil is expected to lead to a double-digit jump in costs to insure U.S. tailings dams that store mining waste against liability for environmental catastrophes.
NEW YORK U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets.
Dec 18 American International Group Inc
on Thursday named Peter Zaffino, the executive overseeing a
turnaround effort of the company's general insurance unit, as
American International Group Inc on Thursday named Peter Zaffino, the executive overseeing a turnaround effort of the company's general insurance unit, as the company's president.
New York State's financial regulator on Wednesday proposed a plan that would allow licensed virtual currency firms that have already received approval for coin listings to introduce new coins without additional permission.
LONDON/NEW YORK Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether. | Video