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Cyber insurance market is divided: Best report

Cyber insurance market is divided: Best report

The cyber insurance market is bifurcated, A.M. Best Co. said in a report issued Friday. “On the one hand, national accounts and Fortune 500 companies seem to be embracing the need to partner with insurers and brokers as a way to counter cyber risks,” said Oldwick, New Jersey-based Best in …

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Blockchain will have major role in aiding comp transactions, expert says

Blockchain will have major role in aiding comp transactions, expert says

ORLANDO, Florida — Blockchain technology has a future in workers compensation transactions as the technology has the potential to improve communication and efficiency industrywide, a presenter told attendees of the National Council for Compensation Insurance Inc.’s Annual Issues Symposium on Friday. Blockchain is a decentralized, peer-to-peer network that provides insurers …

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AIG’s loss for European business worsens in 2017

AIG’s loss for European business worsens in 2017

American International Group Inc.’s European unit saw revenue increase but its loss widen in 2017 as natural catastrophes in North America and the Caribbean hit European business. AIG Europe Ltd. reported a £431.5 million ($581.2 million) loss before taxes for the year ended Nov. 30, 2017, on Friday, compared with …

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